Dudu UUELLIVU 3,4 2. Cash Balance $56,050 Vince York practices medicine under the business title Vince York, MD. During July, the medical practice completed the following transactions: Jul. 1 York contributed $63,000 cash to the business in exchange for common stock 5 Paid monthly rent on medical equipment, 5510. 9 Paid $23,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,600 19 Borrowed $22,000 from the bank for business use. 22 Paid S1,100 on account 28 The business received a bill for advertising in the daily newspaper to be paid in August, $240. 31 Revenues earned during the month included 56,400 cash and $6,000 on account 31 Paid employees' salaries $2,200, office rent 51.900, and utilities $560. Record as a compound entry 31 The business received $1.120 for medical screening services to be performed next month. 31 Pasd cash dividends of $ 7,200 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 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. Pepare the trial balance of Vince York, MD, as of July 31, 2018