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Requirement 3. Prepare the trial balance of Vince York, M.D., as of July 31, 2024. Review the ending balances of the T-account that you prepared
Requirement 3. Prepare the trial balance of Vince York, M.D., as of July 31, 2024. Review the ending balances of the T-account that you prepared in Requirement 2. Vince York, M.D. A X Trial Balance More Info July 31, 2024 Balance Account Title Debit Credit Jul. 1 York contributed $63,000 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 earned 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. Print Done Total
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