Requirement 1. Journalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) July 1: Yardley contributed $67,000 cash to the business in exchange for common stock. Date Jul. 1 Accounts July 5: Paid monthly rent on medical equipment, $540, Date Jul. 5 Accounts July 9: Paid $20,000 cash to purchase land to be used in operations Date Jul. 9 Accounts July 10: Purchased office supplies on account $1,400. Date Jul. 10 Accounts July 19: Borrowed $26,000 from the bank for business use. Date Jul. 19 July 22: Paid $800 on account. Date Jul. 22 Accounts Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Accounts Debil Credit July 28: The business received a bill for advertising in the daily newspaper to be paid in August, $250 Date Jul. 28 Accounts Debil Credit entry. Date Accounts Debit Credit Jul. 31 (a) July 31 (b): Paid employees' salaries $1,900, office rent $800, and utilities $200. Record these entries as a compound entry. Date Jul. 31 (b) Accounts Debit Credit July 31 (c): The business received $1,450 for medical screening services to be performed next month. Date Jul. 31 (c) July 31 (d): Paid cash dividends of $6,800. Date Jul. 31 (d) Accounts Debit Credit Accounts Debit Credit Requirement accounts. Label the balance of each account Bal. (Identify the July 31 transactions as "a"-" as they are labeled in the journal entry tables.) Post all of the journal entries for July Cash Accounts Payable Service Revenue Advertising Payable Salaries Expense Accounts Receivable Unearned Revenue Rent Expense Office Supplies Notes Payable Utilities Expense Land Common Stock Advertising Expense Dividends Requirement 3. Prepare the trial balance of Vick Yardley, M. D. as of July 31, 2024. Vick Yardley, M. D. Trial Balance Account Title Total July 31, 2024 Debit Balance Credit