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help please! Vernon Yung practices medicine under the business title Vornon Yung. MD. During July, the medical practice completed the following transactions: (i) (Click the
help please! Vernon Yung practices medicine under the business title Vornon Yung. MD. During July, the medical practice completed the following transactions: (i) (Click the icon to view the transactions) (1. (Click the icon to viow the accounts used by the business.) Read the Requirement 1. Joumalize each transaction Explanations are not requiked (Rocord debis first, then credis. Exclude explanations from joumal entities ) July 1 Yung contibuted $60.000 cash to the business in exchange for common stock. Requirements Requirement 1 July 1: Yung co Date Jul 1 1. Journalize each transaction. Explanations are not required. 2. Post the joumal 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 Vemon Yung, M.D. as of July 31, 2024 More info Accounts 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
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