i More Info Jul. 1 Yang contributed $65,000 cash to the business in exchange for common stock. 5 Paid monthly rent on medical equipment, $580. 9 Paid $19,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,200. 19 Borrowed $32,000 from the bank for business use. 22 Paid $1,000 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $290. 31 Revenues earned during the month included $7,000 cash and $6,200 on account. 31 Paid employees' salaries $2,500, office rent $1,500, and utilities $250. Record as a compound entry. 31 The business received $1,190 for medical screening services to be performed next month. 31 Paid cash dividends of $6,700. Print Done Victor Yang practices medicine under the business title Victor Yang, M.D. During July, the medical practice completed t 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. (Record debits first, then credits. Exclude ex July 1: Yang contributed $65,000 cash to the business in exchange for common stock. Date Accounts Debit Credit Jul. 1 July 5: Paid monthly rent on medical equipment, $580. Date Accounts Debit Credit Jul. 5 July 9: Paid $19,000 cash to purchase land to be used in operations. Date Accounts Debit Credit Jul. 9 Choose from any list or enter any number in the input fields and then continue to the next question. Victor Yang practices medicine under the business title Victor Yang, M.D. During July, the medical practice comp (Click the icon to view the transactions.) Click the icon to view the accounts used by the bu Read the requirements. July 10: Purchased office supplies on account, $1,200. Date Accounts Debit Credit Jul. 10 July 19: Borrowed $32,000 from the bank for business use Date Accounts Debit Credit Jul. 19 July 22: Paid $1,000 on account. Date Accounts Debit Credit Jul. 22 Choose from any list or enter any number in the input fields and then continue to the next question. Victor Yang practices medicine under the business title Victor Yang, M.D. During July, the medical practice completed t (Click the icon to view the transactions.) (Click the icon to view the accounts used by the business Read the requirements July 28: The business received a bill for advertising in the daily newspaper to be paid in August, $290. Date Accounts Debit Credit Jul. 28 July 31 (a): Revenues earned during the month included $7,000 cash and $6,200 on account. Record as a compound entry. Date Accounts Debit Credit Jul 31 (a) July 31 (b): Paid employees' salaries $2,500, office rent $1,500, and utilities $250. Record these entries as a compound entry. Date Accounts Debit Credit Jul 31 (b) Choose from any list or enter any number in the input fields and then continue to the next question. Victor Yang practices medicine under the business title Victor Yang, M.D. During July, the medical practice completed the (Click the icon to view the transactions.) Click the icon to view the accounts used by the business Read the requirements. July 31 (c): The business received $1,190 for medical screening services to be performed next month. Date Accounts Debit Credit Jul 31 (c) July 31 (d): Paid cash dividends of $6,700. Date Accounts Debit Credit Jul 31 (d) Read the requirements Requirement 2. Post the journal entries to the T-accounts, using transaction datos as posting references in the ledger accounts. Label the balance of each accou journal entry tables.) Post all of the journal entries for July Cash Accounts Payable Service Revenue Advertising Payable Salaries Expense Accounts Receivable Unearned Revenue Rent Expense Office Supplies Notes Payable Utilities Expense Choose from any list or enter any number in the input fields and then continue to the next question. Victor Yang practices medicine under the business title Victor Yang, M.D. 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 Office Supplies Notes Payable Utilities Expense Land Common Stock Advertising Expense Dividends Requirement 3. Prepare the trial balance of Victor Yang, M.D. as of July 31, 2018. Victor Yang, M.D. Trial Balance July 31, 2018 Balance Account Title Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Victor Yang practices medicine under the business title Victor Yang, M.D. During July, (Click the icon to view the transactions.) (Click the icon to view t Read the requirements. Requirement 3. Prepare the trial balance of Victor Yang, M.D. as of July 31, 2018. Victor Yang, M.D. Trial Balance July 31, 2018 Balance Account Title Debit Credit Choose from any list or enter any number in the input fields and then continue to the next