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Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account after analyzing to effect on the accounting equation (Complete only the necessary answer boxes for your transaction lines (Do not enter any raros for your transaction lines For transactions with the same date, be sure to enter each transaction on a separate line in the order presented the problem. Cemy down all balances to the "Bal" line, including zero balance accounts, entering a "0" for any zero balances. Erdar a decrease in an account with a minus sign or parentheses. Abbreviations used AP Accounts Payable C Stamper, Capital Exp Expense Lab Liabilities; Med Medical Rev Revenue Sal Salaries, Sup. Supplies Winer Stamper, Withdrawal) 716 Cash ASSETS Medi LIAB EQUITY - Land AP Cap Withdr Service Sup Rev Exp Rant U Exp Exp More info Jul. 6 Stamper contributed $68,000 in the business by opening a bank account in the name of A. Stamper, MD. The business gave capital to to Stamper. Jul. 9 Paid $56,000 cash for land. Jul. 12 Purchased medical supplies for $1,500 on account. Jul. 15 Officially opened for business. Jul. 20 Paid cash expenses: employees' salaries, $1,300; office rent, $1,500; utilities, $100. Jul. 31 Earned service revenue for the month, $13,000, receiving cash. Jul. 31 Paid $1,050 on account. Print Done - X

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