Pearson+ app X P Learn on the go Open Problems Group A EB n 2-49 Problems Group A P-F:2-30A. Journalizing transactions, posting journal entries to T-accounts, and preparing an unadjusted trial balance (Learning Objectives 3, 4, 5) D Daniel Bronstein practices medicine under the business title Daniel Bronstein, Q M.D. During July, the medical practice completed the following transactions: Jul. 1 Bronstein contributed $68,000 cash to the business in exchange for common stock. 5 Paid monthly rent on medical equipment, $560. BJ 9 Paid $16,000 cash to purchase land to be used in operations. AA 10 Purchased supplies on account, $1,600. 19 Borrowed $23,000 from the bank for business use. 22 Paid $1,300 on account. 28 The business received a bill for advertising online to be paid in August, $240. 31 Revenues earned during the month included $6,500 cash and $5,800 on account. 31 Paid employees' salaries $2,500, office rent $1,000, and utilities $400. Record as a compound entry. 31 The business received $1,140 for medical screening services to be performed next month. 31 Paid cash dividends of $7,000. The business uses the following accounts: Cash; Accounts Receivable; Supplies; Land; Accounts Payable; Advertising Payable; Unearned Revenue; Notes Payable; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; Utilities Evnance. and Adverticing Expense. GD 2-49