Problems Group A P2.29A Journalining transactions posting journal entries to T-accounts, and preparing a trial balance Vince York practices medicine under the business title Vince York, MD During July the medical practice completed the following transactions Jult 5 10 19 AP 22 York contributed 63,000 cash to the business in exchange for capital. Paid monthly rent on medical equipment$510. Paid $23.000 cash to purchase and to be used in operations Purchased office supplies on account, $1,600 Borrowed $22.000 from the bank for business use. Paid $1,100 on account. The business received a bill for advertising in the daily newspaper to be paid in August, $240. Revenues earned during the month included $6.400 cash and $6,000 on account. Paid employees' salaries $2,200, office rent $1,900, and utilities $560. Record as a compound entry. The business received $1,120 for medical screening services to be performed next month. York withdrew cash of $7,200. 31 31 31 31 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