Question: Jul. 6 Sansone contributed $ 5 2 , 0 0 0 in the business by opening a bank account in the name of E .

Jul. 6
Sansone contributed $52,000 in the business by opening a bank account in the name of E. Sansone, MD. The business gave capital to to Sansone.
Jul. 9
Paid $40,000 cash for land.
Jul. 12
Purchased medical supplies for $2,300 on account.
Jul. 15
Officially opened for business.
Jul. 20
Paid cash expenses: employees' salaries, $1,700; office rent, $500; utilities, $450.
Jul. 31
Earned service revenue for the month, $12,000, receiving cash.
Jul. 31
Paid $1,750 on account.

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