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Victor Young practices medicine under the business title Victor Young, M.D. During July, the medical practice completed the following transactions: i (Click the icon to view the transactions.) i (Click the icon to view the accounts used by the business.) Read the requirements. Requirement 1. Joumalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) July 1: Young contributed $67,000 cash to the business in exchange for common stock Date Accounts Debit Credit Jul. 1 July 5: Paid monthly rent on medical equipment, $580. Debit Credit Date Accounts Jul. 5 July 9: Paid $14,000 cash to purchase land to be used in operations. Date Accounts Debit Credit Jul. 9 July 10: Purchased office supplies on account, $1,800. Date Accounts Debit Credit Jul. 10 July 19: Borrowed $30,000 from the bank for business use. Date Credit Accounts Debit Jul) 19 Choose from any list or enter any number in the input fields and then continue to the next question. G(Click the icon to view the transactions.) i (Click the icon to view the accounts used by the business.) Read the requirements. on account July 22: Paid $1,500 Date Accounts Debit Credit Jul. 22 July 28: The business received a bill for advertising in the daily newspaper to be paid in August, S250. Date Accounts Debit Credit Jul. 28 July 31 (a): Revenues eamed during the month included $6.200 cash and $6,300 on account. Record as a compound entry. Date Accounts Debit Credit Jull 31 (a) Choose from any list or enter any number in the input fields and then continue to the next question. July 31 (b): Paid employees' salaries $2,400, office rent $1,800, and utilities $200. Record these entries as a compound entry. Date Accounts Debit Credit Jul. 31 (b) July 31 (c): The business received $1,340 for medical screening services to be performed next month. Debit Credit Date Accounts Jul. 31 (c) July 31 (d): Paid cash dividends of $6,500 Credit Debit Accounts Date Jul. 31 (d) Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 2. Post the jounal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account B jounal entry tables.) Post all of the journal entries for July. Cash Accounts Payable Service Revenue Advertising Payable Salaries Expense Rent Expense Unearned Revenue Accounts Receivable Office Supplies Notes Payable Utilities Expense Land Common Stock Advertising Expense Dividends Requirement 3. Prepare the trial balance of Victor Young, M.D. as of July 31, 2018. Victor Young, M.D. Trial Balance July 31, 2018 Balance Account Title Debit Credit Choose from any list or enter any number in the input fields and then continue to the next