Question
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 |
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