Please develop a chart of account using the below information. Bob Morin opened a medical practice specializing in surgery. During the first month of operation (August), the business, titled Bob Mo

Please develop a chart of account using the below information.

Bob Morin opened a medical practice specializing in surgery. During the first month of operation (August), the business, titled Bob Morin, Professional Corporation (P.C.), experienced the following events:

Aug 6 Morin invested $39,000 in the business, which in turn issued its common stock to him.

Aug 9 The business paid cash for land costing $29,000. Morin plans to build an office building on the land.

Aug 12 The business purchased medical supplies for $1,700 on account.

Aug 15 Bob Morin, P.C., officially opened for business.

Aug 15–31 During the rest of the month, Morin treated patients and earned service revenue of $7,600, receiving cash for half the revenue earned.

Aug 15 –31 The business paid cash expenses: employee salaries, $1,300; office rent, $700; utilities, $500.

Aug 31 The business sold supplies to another physician for cost of $700.

Aug 31The business borrowed $12,000, signing a note payable to the bank.

Aug 31 The business paid $800 on account

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