Rebeca Hamilton, MD, opens a medical practice. During her first month of operation, January, the clinic, named Halmiton Medical Clinic, experienced the following events.

January 6, Hamilton invested $240,000 in the clinic by opening a bank account in the name of Hamilton Medical Clinic.

January 9. Hamilton Medical Clinic paid cash for land costing $135,000. There are plans to build a clinic on the land. Until then, the business will rent an office.

January 12. The clinic purchased medical supplies for $9,600 on account.

January 15. On January 15, Hamilton Medical Clinic officially opened for business.

January 15-31 During the rest of the month, the clinic earned professional fees of $19,000 and received cash immediately.

January 15-31 The clinic paid cash expenses: employee salaries, $6,000; office rent, $4,100; utilities, $580.

January 28, The clinic sold supplies to another clinic at cost for $1,150.

January 31, The clinic paid $4,200 on the account from January 12.

Analyze the effects of these events on the accounting equation of Hamilton Medical Clinic.

Analyze the events chronologically, one transaction at a time, beginning with the transaction on January 6th. For each transaction that follows the January 6 transaction, calculate the balance in each account after analyzing its effect on the accounting equation. ( Complete only the necessary input fields for the transaction lines. Do not enter "0" in the transaction lines. For events with the same date, be sure to enter the set of transactions for each event on a separate line in the order presented in the problem. Carry down all balances to the "Balance" line, including zero balance accounts, entering a "0" for any zero balances. Enter a decrease in an account with a minus sign or parentheses.)

January 6, cash + Assets/Medical Supplies+Land=Liabilties/Accounts Payable+Capital+Service Revenue-Equity/Salary Expenses-Rent Expenses-Utilities Expense