Requirement 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. We will post to the accounts one transaction at a time. Begin by posting the events from the 1st. July 1: York contributed $63,000 cash to the business in exchange for capital. (We will post to the accounts one transaction at a time. Post only the transaction from July 1 in this step.) Review the July 1 journal entry that you prepared in Requirement 1. Cash Accounts Payable Service Revenue More Info 1 Advertising Payable Salaries Expense Accounts Receivable Unearned Revenue Rent Expense Jul. 1 York contributed 563,000 cash to the business in exchange for capital. Jul. 5 Paid monthly rent on medical equipment, $510. Jul. 9 Paid $23,000 cash to purchase land to be used in operations Jul. 10 Purchased office supplies on account, $1,600. Jul. 19 Borrowed $22,000 from the bank for business use Jul. 22 Paid $1,100 on account Jul. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $240. Jul. 31 Revenues eamed during the month included $6,400 cash and $6,000 on account Jul. 31 Paid employees' salaries $2,200, office rent $1,900, and utilities $560. Record as a compound entry Jul. 31 The business received $1,120 for medical screening services to be performed next month Jul. 31 York withdrew cash of $7,200 Office Supplies Notes Payable Utlities Expense Land York, Capital Advertising Expense York, Withdrawals Print Done Choose from any list or enter any number in the input fields and then click Check