Jul. 6 Received a contribution of $52,000 from Satterly and opened a bank account in...

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Accounting

Jul. 6
Received a contribution of $52,000 from Satterly and opened a bank account in the name of C. Satterly, MD. The corporation issued common stock to Satterly.
Jul. 9
Paid $44,000 cash for land.
Jul. 12
Purchased medical supplies for $2,400 on account.
Jul. 15
Officially opened for business.
Jul. 20
Paid cash expenses: employees' salaries, $1,800; office rent, $900; utilities, $400.
Jul. 31
Earned service revenue for the month, $7,000, receiving cash.
Jul. 31
Paid $1,700 on account.
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