2--Chapter 2 e Question 9, PF2-29A (similar to) HW Score: 82.50%, 16.51 of 20 points Points: 1.54 of 5 Save Victor Yang practices medone under the business ste Victor Yang, MD. During Ay, the medical practice completed the following transactions O the loon to view the ions) Read the urements 70.000 570 5 M18 32000 10000 us [31 13000 M 1000 100031 JA 28 Advertising Payable 220 Salaries Expense 2000 Accounts Racetvalle J31 6200 Unearned Revenue 1000 Office Supplies Notes Payable 10 1100 Land 9 10000 -X Get more help. Common Stock 70000 A2 Dividend M.31 6500 Expe 1500 d 31 Advertising Expense 220 Clear all Check answer on list on 21 K Victor Yang practices medicine under the business title Victor Yang, M.D. During July, the medical practice completed the following transactions Click the icon to view the transactions.) (Click the icon to view the accounts used by the business.) More info Jul. 1 Yang contributed $70,000 cash to the business in exchange for common stock. on 3- Jul. 5 Jul. 9 Jul. 10 on 4 Jul. 19 Paid monthly rent on medical equipment, $570. Paid $16.000 cash to purchase land to be used in operations. Purchased office supplies on account, $1,000. Borrowed $32,000 from the bank for business use Jul. 22 Paid $400 on account. on 5 Jul. 28 Jul 31 Jul. 31 on 6 Jul. 31 Jul. 31 The business received a bill for advertising in the daily newspaper to be paid in August, $220. Revenues earned during the month included $6,200 cash and $5,700 on account. Paid employees' salaries $2,000, office rent $1,500, and utilities $250. Record as a compound entry. The business received $1,000 for medical screening services to be performed next month. Paid cash dividends of $6,500. Jul 31 On 7 on 8 on 9 Print Done JUL 31 6600 Read the requirements. Jul. 1 Jul. 19 Jul. 31 Accounts Jul. 31 Jul. 31 Jul. 10 X The business uses the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Accounts Payable; Advertising Payable; Unearned Revenue; Notes Payable; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense. bense Print Done Land Common Stock Jul. 9 16000 Jul. 1. 70000 Jul. 28 nse 1500 Jul. 31 pense Advertising Expense 220 (Click the icon to view the transactions.) (Click the icon to view the accounts used by the business.) Read the requirements. Jul. 1 Jul. 19 Jul. 311 Jul. 31 Jul. 31 Jul. 10 Requirements - X Requirements 1. Journalize each transaction. Explanations are not required. 2. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. 3. Prepare the trial balance of Victor Yang, M.D. as of July 31, 2024. pense nse Jul. 9 Land 16000 Print Done 1500 Jul. 31 bense Common Stock Advertising Expense Jul. 1 70000 Jul. 28 220