x More info May 6 May 9 May 12 May 15 May 15-31 May 15-31 May 31 Maglin invested $144,000 in the business, which in turn issued its common stock to her. The business paid cash for land costing $66,000. Maglin plans to build an office building on the land. The business purchased medical supplies for $1,900 on account. Dr. Bernice Maglin, P.C., officially opened for business. During the rest of the month, Maglin treated patients and earned service revenue of $9,400, receiving cash for half the revenue earned. The business paid cash expenses: employee salaries, $2.700: office rent, $800; utilities, $1,600. The business sold medical supplies to another physician for cost of $500 and received cash. The business borrowed $40,000, signing a note payable to the bank The business paid $500 on account. May 31 May 31 Print Done May 6 Maglin invested $144,000 in the business, which in tumised is common stock the Journal Entry Date Accounts and Explanations Debit Credit May May. The business paid cash for and costing 6.000. Maging to build an office building on the land Date Joumal Entry Account and Explanations Debit Crede Mary May 12. The business purchased medical supplies 11.00 on court Journal Entry Date Account and Explanations Debit Mary Credo May 15 Dr. Bernice Magi PG, officially opened for Journal Entry Date Account and Explanations Nay Debat Credit May 16-31: During the rest of the month. Magistrated patients and cond service of $800, en cantor at the end of the Journal Entry Date Accounts and Explanatione Debit Cred May May 15-31: The best paid cash loyee 2.700 500 11.500 Journal Da Accounts and Extions Debe Cr May May 31: The business sold is to be physician forces of $500 and received cash Jumal Entry Date Accounts and Explanation Deba Cred ay May 3. The business borrowed 540,000 ging met bank Journal Entry Date Accounts and explanations De Credit 4 May 31 The 500 Journal Date Accounts and MY Det Cro