Please fil the classification of the account ,increasing or decreasing,debit or credit. I am having a hard time . Thank you so much

Date

Accounts involved in transaction?

Classification of the account?

Increasing or Decreasing?

Debit or Credit the Account?

Amount?

> Problems Group A bjectives 3.4 P2-29A Journalizing transactions, posting journal entries to T-accounts, a Vince York practices medicine under the business title Vince York, M.D. During July, the medical practice completed the following transactions: preparing a trial balance lance $56,050 Jul. 1 York contributed $63,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $510 9 Paid $23,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,600 19 Borrowed $22,000 from the bank for business use. 22 Paid $1,100 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $240. 31 Revenues earned during the month included $6,400 cash and $6,000 on 31 Paid employees' salaries $2,200, office rent $1,900, and utilities $560. 31 The business received $1,120 for medical screening services to be 31 account. Record as a compound entry performed next month. York withdrew cash of $7,200 The business uses the following accounts: Cash; Accounts Receivable; Office Supplies; Land, Accounts Payable; Advertising Payable; Unearned Revenue; Notes Payable; York, Capital, York, Withdrawals; Service Revenue, Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense. Requirements 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 Vince York, M.D, as of July 31, 2018