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Ashley Stamper opened a medical practice. During July, the first month of operation, the business, titled Ashley Stamper, MD, experienced the following events: (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Ashley Stamper, MD. 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 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 Liab. Equity Contr. Capital Retained Earnings + Cash Med. + Land = A/P + Com. Div. + Service Sal. Rent Utilities Sup. Stock Rev. Exp. Exp. Exp. 7/6 Amoco Auto Service started 2024 with total assets of $22,000 and total liabilities of $7,000. At the end of 2024, Amoco's total assets stood at $26,000 and total liabilities were $2,000. Requirements 1. Did the stockholders' equity of Amoco Auto Service increase or decrease during 2024? By how much? 2. Identify the four possible reasons that stockholders' equity can change. Requirement 1. Did the stockholders' equity of Amoco Auto Service increase or decrease during 2024? By how much? (Enter a decrease with a minus sign or parentheses.) Change in stockholders' equity during the year is i More Info Received a contribution of $68,000 from Stamper and opened a bank account in the Jul. 6 name of A. Stamper, MD. The corporation issued common stock to Stamper. Jul. 9 Paid $56,000 cash for land. Jul. 12 Purchased medical supplies for $1,500 on account. Jul. 15 Officially opened for business. Jul. 20 Pa cash expenses: employees' salaries, $1,300; office rent, $1,500; utilities, $100. Jul: 31 Earned service revenue for the month, $13,000, receiving cash. Jul. 31 Paid $1,050 on account. Print Done