August ​15: The business officially opened for business.

Assets
=
Liabilities
+
Stockholders' equity

Cash
+
Med sup
+
Land
=
AP
+
CS
+
Retained earnings











Serv rev
-
Rent exp
-
Util exp
15)

+

+

=

+

+

-

-

Bal

+

+

=

+

+

-

-