Expense; Rent Expense; Utilities Expense; and Advertising Expense. ayable; Une Required Journalize each transaction. Explanations are not required. Requirement 1. Journalize each transaction. Explanations are not required. (Record debits first, then credits. Exclu July 1: Yang contributed $64,000 cash to the business in exchange for capital. Date July 1 Cash V. Yang, capital Accounts Debit Credit 64,000 64,000