Jul. 1 Jul. 5 Yung contributed $70,000 cash to the business in exchange for common stock Paid monthly rent on medical equipment, $520. Jul. 9 Paid $19,000 cash to purchase land to be used in operations. Jul. 10 Purchased office supplies on account, $1,900. Borrowed $29,000 from the bank for business use Jul. 19 Jul. 22 Paid $1,800 on account Jul. 28 Jul 31 Jul. 31 Jul. 31 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. Jul. 31 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 Print Done