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Vicior Yeung prackices medicha under the business tite Victor Young. M D. During whit, the medical practice corrpleted the folowing transactons (1) (Clck the lcon to view the transacions) The business uses the folowing accounts: Cosh, Accounts Recekable, Office Supplies, Land, Acceunts Payable, Advertising Payable; Uneamed Revenue, Notes Payable: Young Capital, Young. Withdrawals, Service feevenue, Salarien Expense. Rent Expense, Utrities Expense, and Advertising Expense: Read the regurements Requirement 1. Journalce ench transaction. Explanasons are not required. (Record detits frst then credits Excluse explanafions hom purnal entrlee) Whly 1. Young contributed 565,000 cash to the buchess in. exchange for caplal Jul. 1 Young contributed $65,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $630. 9 Paid $12,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,500. 19 Borrowed $26,000 from the bank for business use. 22 Paid $1,100 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 $6,900 cash' and $6,400 on account. 31 Paid employees' salaries $2,600, office rent $1,100, and utilities $350. Record as a compound entry. 31. The business received $1.420 for medical screening services to be performed next month. 31 Young withdrew cash of $6,600