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actice completed the following transactions: ne business.) Exclude explanations from joumal entries.) Requirements - x 1. Journalize each transaction. Explanations are not required 2. 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. 3. Prepare the trial balance of Joseph Wilmot. M. D as of July 31, 2024. Print Done practice completed the following transactions: by the business.) edits. Exclude explanations from journal entries) - - More Info Jul, 1 Wilmot contributed 564,000 cash to the business in exchange for common stock. Jul. 5 Paid monthly rent on medical equipment, $630 Jul. 9 Paid $12,000 cash to purchase land to be used in operations Jul. 10 Purchased office supplies on account, $1,100. Jul. 19 Borrowed $26,000 from the bank for business use. Jul. 22 Paid $700 on account Jul. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $220. Jul. 31 Revenues earned during the month included $7,000 cash and $6,400 on account Jul. 31 Paid employees' salaries $1,900, office rent $1,800, and utilities $500. Record as a compound entry. Jul. 31 The business received $1,000 for medical screening services to be performed next month Jul. 31 Paid cash dividends of $6,700. Print Done Credit question OLG explanations from journal entries.) Info Wilmotecontributed 564000 cash to the business in exchange for common stock i Accounts The business uses the following accounts: Cash; Accounts Receivable, Office Supplies Land; Accounts Payable: Advertising Payable; Unearned Revenue, Notes Payable, Common Stock: Dividends; Service Revenue; Salaries Expense; Rent Expense, Utilities Expense; and Advertising Expense Print Done Paid cash dividends of $6,700. Print Done Requirement 1. Journalize each transaction Explanations are not required. (Record debits first, then credits. Exclude July 1: Wilmot contributed $64,000 cash to the business in exchange for common stock Date Accounts Debit Credit Jul 1 July 5: Paid monthly rent on medical equipment, 5630 Date Accounts Debit Credit Jul. 5 July 9. Paid $12,000 cash to purchase land to be used in operations Date Accounts Debit Credit July 10: Purchased office supplies on account 51.100 Date Accounts Debit Credit Jul 10 Choose from any list or enter any number in the input Delds and then continue to the next question Type here to search O i Joseph Wilmot practices medicine under the business title Joseph (Click the icon to view the transactions.) (Click the icon to view the accounts used by the Read the equirement July 10: Purchased office supplies on account $1,100 Date Accounts Debit Credit Jul. 10 July 19Borrowed $26,000 from the bank for business use Date Accounts Debit Credit Jul 19 July 22: Paid $700 on account Date Accounts Debit Credit Jul 22 July 28: The business received a bill for advertising in the daily newspaper to be paid in August, $220 Date Accounts Debit Credit Jul 28 Choose from any list or enter any number in the input fields and then continue to the next question Type here to search o Read the feuirements July 28: The business received a bill for advertising in the daily newspaper to be paid in August, $220. Date Accounts Debit Credit Jul 28 July 31 (a): Revenues earned during the month included $7,000 cash and 56,400 on account Record as a compound entry Date Accounts Debit Credit Jul 31 (a) July 31 (b) Pald employees' salaries $1,900, office rent $1,800, and utilities $500. Record these entries as a compound entry Date Accounts Debit Credit Jul 31 (b) July 31 (c). The business received 51,000 for medical screening services to be performed next month Date Accounts Debit Credit Jul 31 ) Choose from any list or enter any number in the input fields and then continue to the next question Type here to search i Read the GMANE July 31 (c): The business received $1,000 for medical screening services to be performed next month. Date Accounts Debit Credit Jul 31 (0) July 31 (dy: Paid cash dividends of $6,700. Date Accounts Debit Credit Jul 31 (d) Requirement 2. Post the journal entries to the T-accounts, using transaction dates as posting references in the lodger accounts. Label Post all of the journal entries for July Cash Accounts Payable Service Revenue Advertising Payable Salaries Expense Choose from any list or enter any number in the input fields and then continue to the next question Type here to search o Joseph Wolpractices medicine under the businesse Joseph Wilmot, MD. During July, the medical practice completed the following bansactions co to view the transactions Click the icon to view the coursed by the business) Read the Requirement 2. Post the journal is to the accounting action des sporting references in the edges accounts Label the balance of each account the actions as they are abled in the journal entry tales Post of the units for Cash Accounts Payable Service Revenue Advertising Payable Sales Expense Adige ILUN Click the icon to view the transactions) Read the Land Common Stock Advertising Expense Dividends Requirement 3. Prepare the trial balance of Joseph Wilmot, M.D. as of July 31, 2024 Joseph Wilmot, M.D. Trial Balance July 31, 2024 Balance Account Title Debit Credit Choose from any stor enter ww number in the input this and then continue to the next question Type here to search o E 0 (Click the icon to view the transactions.) Read the comment Requirement 3. Prepare the trial balance of Joseph Wilmot. M.D. as of July 31, 2024 Joseph Wilmot, M. D. Trial Balance July 31, 2024 Balance Account Title Debit Credit Total Choose from any list or enter any number in the input fields and then continue to the next question Type here to search O