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(Click the icon to view the company's chart of accounts.) Vick Yardley practices medicine under the business title Vick Yardley, M. D. During July, the
(Click the icon to view the company's chart of accounts.) Vick Yardley practices medicine under the business title Vick Yardley, M. D. During July, the medical practice completed the following transactions: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) July 1: Yardley contributed $62,000 cash to the business in exchange for capital. Date Accounts Debit Credit Jul. 1 Choose from any list or enter any number in the input fields and then click Check Answer. 23 parts Clear All Check Answer remaining Jul. 1 Yardley contributed $62,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, 5610. 9 Paid $22,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $2,000. 19 Borrowed $21,000 from the bank for business use. 22 Paid $1,900 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $270. 31 Revenues earned during the month included $6,300 cash and $5,400 on account 31 Paid employees' salaries $2,800, office rent $1,200, and utilities 5600 Record as a compound entry. 31 The business received $1,420 for medical screening services to be performed next month. 31 Yardley withdrew cash of $7,000. 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 Vick Yardley, M. D., as of July 31, 2018. (Click the icon to view the company's chart of accounts.) - More Info x The business uses the following accounts: Cash; Accounts Receivable: Office Supplies: Land: Accounts Payable; Advertising Payable: Unearned Revenue; Notes Payable; Yardley, Capital; Yardley, Withdrawals: Service Revenue; Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense
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