Marsha Solomon, a physiotherapist, opened a practice. The business completed the following transactions:

After these transactions, how much cash does the business have to work with? Use T-accounts to show your answer.
Determine accounts affected by transactions; record transactions in the journal

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May 1 Solomon invested $25,000 cash to start her practice. The business issued shares to Solomon. Purchased medical supplies on account totalling $9,000. 1 2 Paid monthly office rent of $4,000. 3 Recorded $8,000 revenue for service rendered to patients, received cash of $2,000, and sent bills to patients for the remainder.