Submit quiz This question: 1 point(s) possible Emily Satterly opened a medical practice. During July, the first month of operation, the business, titled Emily Satterly, M.D., experienced the following events: (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Emily Satterly, M.D. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account after analyzing its effect on the accounting equation. (Complete only the necessary answer boxes for your transaction lines. [Do not enter any zeros for your transaction lines ] For transactions with the same date, be sure to enter each transaction on a separate line in the order presented in the problem. Carry down all balances to the "Bal." line, including zero balance accounts, entering a "0" for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used. A/P = Accounts Payable; Cap. = Satterly, Capital, Exp. Expense; Liab. Liabilities; Med. Medical, Rev. Revenue; Sal. Salaries; Sup. Supplies; Withdr. Satterly, Withdrawals.) = = 7/6 7/9 Bal 7/12 Bal 7/15 Bal. 7/20 Bal. 7/31 ASSETS LIAB. EQUITY More info Cash + Med. +Land Sup A/P Cap Withdr. Service Sal Rent Utilities Rev. Exp Exp Exp. July 6 Satterly contributed $56,000 in the business by opening a bank account in the name of E. Satterly, M.D. The business gave capital to Satterly. 9 Paid $48,000 cash for land 12 Purchased medical supplies for $2,500 on account 15 Officially opened for business 20 Paid cash expenses employees' salaries, $1,700, office rent, $1,100, utilities, $200 31 Earned service revenue for the month, $14,000, receiving cash 31 Paid $1,750 on account Print Done X uiz