stati Que 0 More Info ons: medicine view the ournal entrie nalize ed ed $63,0 Jul. 1 York contributed $63,000 cash to the business in exchange for common stock. 5 Paid monthly rent on medical equipment, $510. 9 Paid $23,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,600. 19 Borrowed $22,000 from the bank for business use. 22 Paid $1,100 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $240. 31 Revenues earned during the month included $6,400 cash and $6,000 on account. 31 Paid employees' salaries $2,200, office rent $1,900, and utilities $560. Record as a compound entry 31 The business received $1,120 for medical screening services to be performed next month. 31 Paid cash dividends of $7,200. rente Print Done Check Ans under the business title Vince York, M.D. During July, the medical practice completed the following tra transactions.) (Click the icon to view the accounts used by the business.) oh trari Accounts fr 0 cas The business uses the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Accounts Payable; Advertising Payable; Unearned Revenue; Notes Payable; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense. Print Done iny number in the input fields and then click Check Answer. Test Requirement 1. Journalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) July 1: York contributed $63,000 cash to the business in exchange for common stock. Date Accounts Debit Credit Jul. 1