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Journalizing transactions, posting journal entries in to T-accounts, and prepare trial balance for the below problem. P2-29A Victor Yang practices medicine under the business title

Journalizing transactions, posting journal entries in to T-accounts, and prepare trial balance for the below problem.

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P2-29A Victor Yang practices medicine under the business title Victor Yang, M.D. During July, the medical practice completed the following transactions: Jul 1 Yang contributed $61,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment. $610 9 Paid $21,000 cash to purchase land to be used in operations 10 Purchased office supplies on account. $1,900 19 Borrowed $22,000 from the bank for business off 22 Paid $1,700 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $300 31 Revenues earned during the month included $6,700 cash and $5,800 on account. 31 Paid employees' salaries $2,900, office rent $1,700, and utilities $450. Record as a compound entry. 31 The business received $1,280 for medical screening services to be performed next month. 31 Yang withdrew cash of $7,300

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