Vernon Yung practices medicine under the business title Vernon Yung, M.D., P.C.
During July, the medical practice completed the following transactions:
Jul 1	Yung deposited $68,000 cash in the business bank account.
	The business issued common stock to Yung.
5	Paid monthly rent on medical equipment, $560.
9	Paid $16,000 cash to purchase land for an office site.
10	Purchased supplies on account, $1,600.
19	Borrowed $23,000 from the bank for business use. Yung signed a note payable to the bank
	in the name of the business.
22	Paid $1,300 on account.
31	Revenues earned during the month included $6,500 cash and $5,00 on account.
31	Paid employees salaries $2,500, office rent $1,100, and utilities $400.
	Make a single compound entry.
31	Paid cash dividends of $7,000.
Prepare accounting equation