Requirement 2. Post the transactions to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. (Identify the July 31 transactions as "a" - 'd' as they are labeled in the journal entry tables.) Post all of the journal entries for July. Cash Accounts Payable Service Revenue More Info - X Advertising Payable Salaries Expense Accounts Receivable Unearned Revenue Rent Expense Jul. 1 Yang contributed $64,000 cash to the business in exchange for capital. Jul. 5 Paid monthly rent on medical equipment, $550. Jul. 9 Paid $20,000 cash to purchase land to be used in operations. Jul. 10 Purchased office supplies on account, $1,300 Jul. 19 Borrowed $32,000 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, $300 Jul. 31 Revenues earned during the month included $7,100 cash and $5,900 on account. Jul. 31 Paid employees' salaries $2,800, office rent $1.000, and utilities $650. Record as a compound entry Jul. 31 The business received $1,220 for medical screening services to be performed next month Jul. 31 Yang withdrew cash of $6,600 Office Supplies Notes Payable Utilities Expense Land Yang, Capital Advertising Expense Print Done Yang, Withdrawals