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 its effect on the accounting equation. (Complete only the necessary answer boxes for your transaction lines. [Do not enter any zeros for your transaction lines.] For transactions with the same date, be sure to enter each transaction on a separate line in the order presented in the problem. Carry down all balances to the "Bal." line, including zero balance accounts, entering a "0" for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: A/P = Accounts Payable; Com. = Common; Contr. = Contributed; Div. = Dividends; Exp. = Expense; Liab. = Liabilities; Med. = Medical; Rev. = Revenue; Sal. = Salaries; Sup. = Supplies.) Assets Equity Liab. + Contr. Capital + Retained Earnings Cash + Med. + Land = A/P + Com. Div. + Service Sal. Rent Utilities Sup. Stock Rev. Exp. Exp. Exp. 7/6 23550+ 1800 + 50000 = 400 + 65000 - + 12000 1000 700 - 350 More info Jul. 6 Jul. 9 Jul. 12 Jul. 15 Officially opened for business. Jul. 20 Received a contribution of $65,000 from Stamford and opened a bank account in the name of P. Stamford, MD. The corporation issued common stock to Stamford. Paid $50,000 cash for land. Purchased medical supplies for $1,800 on account. Paid cash expenses: employees' salaries, $1,000; office rent, $700; utilities, $350. Jul. 31 Earned service revenue for the month, $12,000, receiving cash. Jul. 31 Paid $1,400 on account.