O Poi Dora Moynihan, MD, opened a medical practice. The business completed the following transactions...
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O Poi Dora Moynihan, MD, opened a medical practice. The business completed the following transactions Jul 1 Moynihan invested $30,000 cash to start her medical practice. The business issued common stock to Moynihan Jul 2 Purchased medical supplies on account totaling $8,600, Jul 3 Paid monthly office rent of $4,500 Jul 6 Recorded $10,000 revenue (in cash) for service rendered to patients After these transactions, how much cash does the business have to work with? Use a T-account to show your answer Begin by posting the transactions, using the date as a posting reference. Then, label and calculate the ending balance, using "Bal" as the posting reference, Cash
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