How do I do this? I thought that this would be a rent expense and cash.

EAC 2211 Prin Accounting 1 - Spring 2. 2020 (1) 03/22/20 2:27 PM Homework: Week 2 Homework Assignment Save 1 of 4 (1 complete) Score: 0 of 1 pt X P2-29A (similar to) HW Score: 0%, 0 of 4 pts Question Help Vincent Yang practices medicine under the business title Vincent Yang, MD During July, the medical practice completed the following transactions: (Click the icon to view the transactions) Click the icon to view the accounts used by the business) Read the requirements Requirement 1. Journalize each transaction. Explanations are not required. (Recurd debits first, then credits. Exclude explanations from journal entries.) July 1: Yang contributed $64.000 cash to the business in exchange for common stock Accounts Debit Credit Accounts Date Jul 1 Cash 64.000 Common Stock 64,000 The business uses the following accounts: Cash: Accounts Receivable Office Supplies Land Accounts Payable Advertising Payable: Unearned Revenue Notes Pavable. Common Stock Didends, Service Revenue, Salaries Expense, Rent Expanse Lilities Expanse and Advertising Expanse Cash Print Done X * More Info Jul. 1 Yang contributed $64 000 cash to the business in exchange for common stock 5 Paid monthly rent on madical equipment. $530 9 Paid $20,000 cash to purchase and to be used in operations 10 Purchased office supplies on account. $1.900 19 Borrowed $28 000 from the bank for business use 22 Paid $1,500 on account 28 The business received a bill for advertising in the daily newspaper to be paid in August, 5200 31 Revenues earned during the month included 56 800 cash and 55700 on account. 31 Paid employees salaries 52,900, office rent 51,100, and utilities S200. Record as a compound entry. 31 The business recalved $1,340 for medical screening services to be perfomed next month 31 Paid cash dividends of $7400 Print Done X 0 Requirements 1. Joumalize each transaction. Explanations are not required. 2. Post the journal entries to the T-accounts, using transaction dates as posting references in the ladgar accounts Label the balance of each account Bal 3. Prepare the trial balance of Vincent Yang MD as of July 31, 2018 Print Done