Requirement 1. Journalize each transaction Explanations are not required Record debts first, then credits 1 Yang contributed 509.000 cash to the business in exchange for common stock Date Accounts Debit Credit More info X July 5 Pond monthly rent on medical equipment 5500 Accounts Debit Credit J! Yang contributed 500 000 cash to the business in exchange for sock 5 Pod monthly rent on medicament 500 Paid $20.000 cash to purchase and to be used in pro 10 Purchased office son cont12.000 19 Borrowed 523.000 from the bank for business use 22 Pad 51 600 on account 28 The business received a bil for vertising in the daily newspaper to be paid in August 200 31 Revenus earned during the month included 5,00 cash and 55,800 on account 31 Paid employees'salaries $2.500 office rent 51,200, and utilities 5400. Records a compound entry 31 The business received $1,340 for medical screening services to be performed next month 31 Paid cash dividends of $6.500 Jul 5 July 0 Pad 520.000 cash to purchase and to be used in operations at 1 Patie 1 Print Done Choose from any list or enter any number in the input fields and then continue to the next