Joseph Wilmot practices medicine under the business tite Joseph Wimot, M. D. During July, the medical practice completed the following transactions (Cick the loon to view the acoounts used by the business.) (Click the loon to view the transactions.) Read the requiremenhs 1 xplanations are not required. (Record debits first, then credits. Exc More Info July 1: Wilmot contributed $64,000 cash to the business in exchange for common stock Date Accounts Jul. 1 Wilmot contributed $64,000 cash to the business in exchange for common stock Debit Credit 5 Paid monthly rent on medical equipment, $620. 9Paid $15.000 cash to purchase land to be used in operations 10 Purchased office supplies on account, $1,300 19 Borrowed $29,000 from the bank for business use 22 Paid $1,000 on account 28 The business neceived a bill for advertising in the dally newspaper to be paid in Jul 1 64000 Common Stock 84000 July &: Paid monrly rent on medical equipment, $520 August, $26o 31 Revenues eamed during the month included $7.100 cash and $5,600 on account 31 Paid employees' salaris $2,900, office rent $1,100, and utiitlies $450. Record as 31 The business received $1,420 for medical screening services to be 31 Date Debit Credit Ju 5 Common Stock compound entry performed next month Paid cash dividends of $6.800