Learning Objective 4 which of open. E1-29 Using the accounting equation to e accounting equation to analyze business transactions Samantha Stamford opened a medical practice. During July, the first month of on the business, titled Samantha Stamford, M.D. experienced the following ev Stamford contributed $65.000 in the business by opening a bank account in the name of S. Stamford, MD. The business gave capital to Stamford, Paid $52,000 cash for land. Purchased medical supplies for $1,600 on account Officially opened for business Paid cash expenses: employees' salaries, $1,500; office rent, $1,300; utilities, 325 Earned service revenue for the month, $8,000, receiving cash, Paid $800 on account. 31 31 Analyze the effects of these events on the accounting equation of the medical practice of Samantha Stamford, M.D., using the following format: Cash + ASSETS Medical Supplies + Land (LIABILITIES + Accounts + Payable Stamford, Capital - Stamford, Withdrawals EQUITY + Service - Salaries - Revenue Expense Rent Expense Ex