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Homework: Assignment 2 (5%) Vernon Yung practises medicine under the business title Vernon Yung, MD. During March, the medical practice completed (Click the icon to view the transactions.) The business uses the following accounts: Cash, Accounts Receivable; Office Supplies; Land, Accounts Payable, Unearned Expense; and Advertising Expense. Required Journalize each transaction. Explanations are not required Requirement 1. Journalize each transaction. Explanations are not required. (Record debits first, and then credits. Exclud March 1 Yung contributed $64,000 cash to the business in exchange for capital. Date Accounts Debit Credit Mar. 1 n 8, P2-2B (alt1) Part 1 of 11 > the transactions provided. ed cluc HW Score: 55%, 55 of 100 points O Points: 0 of 10 - Mar. 1 Yung contributed $64,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $560 9 Paid $15,000 cash to purchase land to be used in operations 10 Purchased office supplies on account, $1,600. 19 Borrowed $28,000 from the bank for business use by signing a note payable 22 Paid $1,250 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in April, $260. 31 Revenues earned during the month included $6,800 cash and $5,850 on account 31 Paid employees' salaries $2,050, office rent $1,400, and utilities $390. Record as a compound entry 31 The business received $990 for medical screening services to be performed next month. 31 Yung withdrew cash of $6,800. Print Done Transactions ( ENG 24