Jul. 1 Yang contributed $61,000 cash to the business in exchange for common stock. Jul. 5 Paid monthly rent on medical equipment, $570. Jul. 9 Paid $20,000 cash to purchase land to be used in operations, Jul. 10 Purchased office supplies on account, $2,000. Jul. 19 Borrowed $31,000 from the bank for business use. Jul. 22 Paid $1,600 on account. Jul. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $260. Jul. 31 Revenues earned during the month included $7.100 cash and $5,700 on account. Jul 31 Paid employees' salaries $2,000, office rent $1,100, and utilities $500. Record as a compound entry Jul 31 The business received $1,340 for medical screening services to be performed next month. Paid cash dividends of $6.700. Jul. 31 Requirement 2. Post the joumal entries to the T-accounts, using transaction datos as posting references in the ledger accounts. Label the balance of each accoun joumal entry tables.) Post all of the journal entries for July Cash Accounts Payable Service Revenue More 61,000 570 Dul, 5 Jul 22 1600 260 W 19 31000 20,000 Jul. 9 JUL 31(a) 7,100 1,600 Jul 22 Jul. 1 Jul 31(c) 1.340 3,600 JUL 31(b) Advertising Payable Salaries Expense Jul. 5 P 6,700 Jul 31(d) Jul. 9 PA Bal 100.440 32.470 Ball Jul. 10 Pu Jul 19 Bor Accounts Receivable Unearned Revenue Rent Expense Jul. 22 Paid Jul. 28 The Jul 31 Rover Jul 31 Paide Jul 31 The bu Office Supplies Notes Payable Utilities Expense Jul 31 Paid 11 Choose from any ist or enter any number in the input fields and then continue to the next