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The following transactions were engaged in during the month of March by Dr. Scott Braunstein: Opened his practice by investing $50,000 in the business. Bought

The following transactions were engaged in during the month of March by Dr. Scott Braunstein:

  1. Opened his practice by investing $50,000 in the business.
  2. Bought office equipment for $27,000 on account from Medical Products, Inc.
  3. Paid $2,000 for various medical supplies for the office.
  4. Received $11,600 in fees earned during the first month of operations
  5. Paid office rent for the month, $900
  6. Paid medical assistant salary for the month, $ 1,800
  7. Paid Medical Products, Inc. $3,000 on account
  8. Withdrew $1,500 for personal use.

Enter each transaction in the following form.

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image text in transcribed
(1) (2) Balance (3) Balance (4) Balance (5) Balance (6) Balance (7) Balance (8) Balance Cash Assets + Supplies + Equipment Liabilities = Accounts Payable + Owner's Equity + Capital

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