Homework: Extra Practice Chapter 2 Short Exercises\ Question 8, S2-8 (book/static)\ HW Score:

46.67%,7

of 15 points\ Points: 0 of 1\ Question list\ Question 2\ Question 3\ Question 4\ Question 5\ Question 6\ Question 7\ Question 8\ Question 9\ Question 10\ Iris Baer, MD, opened a medical practice. The business completed the following transactions:\ July 1 Baer invested

$26,000

cash to start her medical practice. The business issued common stock to Baer.\ July 2 Purchased medical supplies on account totaling

$8,500

.\ July 3 Paid monthly office rent of

$5,500

.\ July 6 Recorded

$8,500

revenue (in cash) for service rendered to patients.\ After these transactions, how much cash does the business have to work with? Use a T-account to show your answer.\ Begin by posting the transactions, using the date as a posting reference.Then, label and calculate the ending balance, using "Bal" as the posting reference.

Homework: Extra Practice Chapter 2 Short Exercises Question 8, \$2-8 (book/static) Question list Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9 Question 10 Iris Baer, MD, opened a medical practice. The business completed the following transactions: July 1 Baer invested $26,000 cash to start her medical practice. The business issued common stock to Baer. July 2 Purchased medical supplies on account totaling $8,500. July 3 Paid monthly office rent of $5,500. July 6 Recorded $8,500 revenue (in cash) for service rendered to patients. After these transactions, how much cash does the business have to work with? Use a T-account to show your answer. Begin by posting the transactions, using the date as a posting reference.Then, label and calculate the ending balance, using