Jul. 1 Jul. 5 Jul. 9. Jul. 10 Jul. 19 Jul. 22 Jul. 28 Jul. 31 Jul. 31 Jul, 31 Jul. 31 Yung contributed $70,000 cash to the business in exchange for common stock. Paid monthly rent on medical equipment, $520. Paid $19,000 cash to purchase land to be used in operations. Purchased office supplies on account, $1,900 Borrowed $29,000 from the bank for business use Paid $1,800 on account The business received a bill for advertising in the daily newspaper to be paid in August, $210 Revenues earned during the month included $7,000 cash and $6,400 on account Paid employees' salaries $2,500, office rent $1,500, and utilities $200 Record as a compound entry The business received $1,280 for medical screening services to be performed next month Paid cash dividends of $6,800.