the icon to view the accounts used by the business.) * More Info fd Jul. 1 Wilmot contributed $65,000 cash to the business in exchange for common stock. 5 Paid monthly rent on medical equipment, $560. 9 Paid $15,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,500. 19 Borrowed $21,000 from the bank for business use 22 Paid $1,400 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $300. 31 Revenues earned during the month included $6,700 cash and $6,500 on account. 31 Paid employees' salaries $2,300, office rent $1,600, and utilities $450. Record as a compound entry. 31 The business received $1,050 for medical screening services to be performed next month. 31 Paid cash dividends of $7,400. Print Done 15,000 then click Check Answer. uired. (Record debits first, then credits. Exclude explanations from journal entries.) or common stock. Debit Credit 65,000 i Accounts 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 Debit Credit 15,000 Joseph Wilmot practices medicine under the business title Joseph Wilmot, M.D. During July, the medical practice completed the following transaction (Click the icon to view the transactions.) (Click the icon to view the accounts used by the business.) Read the requirements. July 10: Purchased office supplies on account, $1,500. (Post only the transaction from July 10 in this step.) Review the July 10 joumal entry that you prepared in Requirement 1. Cash Accounts Payable Jul. 1 65,000 560 Jul. 5 15,000 Jul. 9 Service Revenue Advertising Payable Salaries Expense Accounts Receivable Unearned Revenue Rent Expense 560 Jul. 5 Office Supplies Notes Payable Utilities Expense Common Stock Advertising Expense Land 15,000 Jul. 9 65,000 Jul, 1 Choose from any list or enter any number in the input fields and then click Check Answer. o parts remaining Clear All Homework: Assignment #1 Score: 31.02 of 100 pts 17 of 26 (23 complete) P2-29A (similar to) Joseph Wilmot practices medicine under the business title Joseph Wilmot, M.D. During July, the medical practice completed the following tr (Click the icon to view the transactions.) (Click the icon to view the accounts used by the business.) Read the requirements Jul. 1. 65,000 L 560 Jul. 5 15,000 Jul. 9 ILL 11 SOL Il ON Advertising Payable Salaries Expense A Accounts Receivable 3 LE llll / Office Supplies Notes Payable I z HELL Land Advertising Expense Common Stock 65,000 Jul. 1 Jul. 9 15,000 / Dividends Choose from any list or enter any number in the input fields and then click Check Answer O parts remaining esc