Jul. 1 Yarwood contributed exist68,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, exist550. 9 Paid exist17,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, exist1,800. 19 Borrowed exist24,000 from the bank for business use. 22 Paid exist1,700 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, exist290. 31 Revenues earned during the month included exist6.000 cash and exist5500 on account. 31 Paid employees salaries exist2,000, office rent exist1,000, and utilities exist550. Record s a compound entry. 31 The business received exist1.260 for medical screening services to be performed month. 31 Yarwood withdrew cash of exist7,400. The business uses the following accounts:Cash:Accounts Receivable:Office Supplies:Land:Accounts Payable:Advertising Payable:Unearned Revenue:Notes Payable:Yarwood, Capital:Yarwood, Withdrawals Service Revenue:Salaries Expense. Rent Expense:Utilities Expenses and Advertising Expense. Requirements Journalize each transaction. Explanations are not required. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. Prepare the trial balance of Vincent Yarwood, M.D., as of July 31, 2017