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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:

Opened his practice by investing $50,000 in the business.

Bought office equipment for $27,000 on account from Medical Products, Inc.

Paid $2,000 for various medical supplies for the office.

Received $11,600 in fees earned during the first month of operations

Paid office rent for the month, $900

Paid medical assistant salary for the month, $ 1,800

Paid Medical Products, Inc. $3,000 on account

Withdrew $1,500 for personal use. .

Enter each transaction in the following form:

Assets = Liabilities + Owners Equity

Cash

+ Supplies

+ Equipment

= Accounts Payable

+ Capital

(1)

(2)

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(3)

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(4)

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(5)

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(6)

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(7)

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(8)

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Balance

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