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UMT More Info - X (R Jul. 1 Yasmin contributed $66,000 cash to the business in exchange for capital Dita Jul. 5 Paid monthly rent
UMT More Info - X (R Jul. 1 Yasmin contributed $66,000 cash to the business in exchange for capital Dita Jul. 5 Paid monthly rent on medical equipment, $560 Jul. 9 Paid $13,000 cash to purchase land to be used in operations. Jul. 10 Purchased office supplies on account, $1,500 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 $6.000 cash and $6,400 on account Jul. 31 Paid employees' salaries $2,600 office rent $1,600, and utilities $600. Record as a compound entry Jul. 31 The business received $1,420 for medical screening services to be performed next month Jul. 31 Yasmin withdrew cash of $6.700 Print Done ntin debits first, then credits. Exclude chplanations from journal entries.) - X More Info The business uses the following accounts: Cash, Accounts Receivable, Office Supplies, Land, Accounts Payable, Advertising Payable, Unearned Revenue, Notes Payable, Yasmin, Capital, Yasmin, Withdrawals Service Revenue, Salaries Expense, Rent Expense, Utilities Expense; and Advertising Expense. Print Done - X i Requirements 1. Journalize each transaction Explanations are not required. 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. 3. Prepare the trial balance of Vito Yasmin, M.D., as of July 31, 2024. Print Done Requirement 1. Journalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) July 1: Yasmin contributed $66,000 cash to the business in exchange for capital Date Accounts Debit Credit Jul. 1 July 5: Paid monthly rent on medical equipment, $560. Date Accounts Debit Credit Jul. 5 (Click the icon to view the company's chart of accounts.) Vito Yasmin practices medicine under the business title Vito Yasmin, M.D. During July, the medical practice completed the following transactions: (Click the icon to view the transactions.) Read the requirements 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 Advertising Payable Salaries Expense Choose from any list or enter any number in the input fields and then continue to the next question. 8:57 PM (Click the icon to view the company's chart of accounts.) Vito Yasmin practices medicine under the business title Vito Yasmin, M.D. During July, the medical practice completed the following transactions: (Click the icon to view the transactions.) Read the fequirements Requirement 3. Prepare the trial balance of Vito Yasmin, M.D., as of July 31, 2024. Vito Yasmin, M.D. Trial Balance July 31, 2024 Balance Debit Credit Account Title Choose from any list or enter any number in the input fields and then continue to the next
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