Dr. Kim Fleming opened a medical practice specializing in physical therapy. During the first month of operation (July), the business, titled Dr. Kim Fleming, Professional Corporation (P.C.), experienced the following events: 1. Analyze the effects of these events on the accounting equation of the medical practice of Dr. Kim Fleming, P.C. Assets Acets Medical Liabilities + Accts Acets Note Note Pay. + Payable + Stockholders' Equity Common Common Dateinad Retained Stock + Earnings Jul Type of Equity T. Transaction Cash + Rec. + Supplies + Land = Jul 6 12 6 Fleming invested $153,000 in the business, which in turn issued its common stock to her. 9 The business paid cash for land costing $62,000. Fleming plans to build an office building on the land. 12 The business purchased medical supplies for $1,800 on account. 15 Dr. Kim Fleming, P.C., officially opened for business. 15-31. During the rest of the month, Fleming treated patients and earned service revenue of $9,100, receiving cash for half the revenue earned. 15-31 The business paid cash expenses: employee salaries, $3,100; office rent, $1,000; utilities, $1,300. (Record the cash amount as a total and identify and record any other amounts separately.) 31. The business sold supplies to another physician for cost of $900 and received cash. 31 The business borrowed $39,000, signing a note payable to the bank. 31 The business paid $500 on account. 15-31 15-31 Bal. Total