Refer to Short Exercise S2-3. Which of the transactions of Sandy Lyle, MD, increased the total assets of the business? For each transaction, identify the asset that was increased.
In Short Exercise S2-3
Sandy Lyle, MD, opened a medical practice. The business completed the following transactions:

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June 1 Lyle invested $25,000 cash to start her medical practice. The business issued common stock to Lyle 1 Purchased medical supplies on account totaling $9,000. 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.