AL O ble My M npleted the following transactions Advertising Payable, Unearned Revenue, Notes Payable: Young Capital: Young. Withdrawals Service ger accounts Label the balance of each account Bal (Identify the July 31 transactions as "a" o" as they More Info Jul 1 Young contributed $68,000 cash to the business in exchange for capital 5 Paid monthly rent on medical equipment, 5600 9 Paid $12,000 cash to purchase land to be used in operations 10 Purchased office supplies on account. $1,600. 19 Borrowed $32,000 from the bank for business use 22 Paid $1,000 on account 28 The business received a bill for advertising in the daily newspaper to be paid in August, $230 31 Revenues earned during the month included 57,100 cash and $5,800 on account 31 Paid employees' salaries $2,800, office rent 51,000, and utilities $700 Record as a compound entry 31 The business received $1,280 for medical screening services to be performed next month 31 Young withdrew cash of $7,500 Print Done Expense