Lucy Stanley opened a medical practice. During July, the first month operation, the business, titled Lucy Stanley, experienced the following events:
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Analyze the effects these events the accounting equation the medical practice Lucy Stanley,
Div. Dividends; Exp. Expense; Liab. Liabilities; Med. Medical; Rev. Revenue; Sal. Salaries; Sup. Supplies. Assets Liab. Equity
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Jul. Received a contribution $ from Stanley and opened a bank account the
name Stanley, The corporation issued common stock Stanley.
Jul. Paid $ cash for land.
Jul. Purchased medical supplies for $ account.
Jul. Officially opened for business.
Jul. Paid cash expenses: employees' salaries, $; office rent, $; utilities, $
Jul. Earned service revenue for the month, $ receiving cash.
Jul. Paid $ account.
