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Vernon Yung practises medicine under the business title Vernon Yung, MD. During July, the medical practice completed the transactions provided. (Click the icon to view

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Vernon Yung practises medicine under the business title Vernon Yung, MD. During July, the medical practice completed the transactions provided. (Click the icon to view the transactions.) Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense. Required Journalize each transaction. Explanations are not required. July 19: Borrowed \\( \\$ 28,000 \\) from the bank for business use. July 22 : Paid \\( \\$ 1,100 \\) on account. Vernon Yung practises medicine under the business title Vernon Yung, MD. During July, the medical practice completed the transactions provided. (Click the icon to view the transactions.) Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense. Required Journalize each transaction. Explanations are not required. Requirement 1. Journalize each transaction. Explanations are not required. (Record debits first, then credits. July 1: Yung contributed \\( \\$ 62,000 \\) cash to the business in exchange for capital. Julv 5: Paid monthly rent on medical equipment. \\( \\$ 580 \\). Vernon Yung practises medicine under the business title Vernon Yung, MD. During July, the medical practice completed the transactions provided. (Click the icon to view the transactions.) Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense. Required Journalize each transaction. Explanations are not required. Requirement 1. Journalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) July 1: Yung contributed \\( \\$ 62,000 \\) cash to the business in exchange for capital. July 5: Paid monthly rent on medical equipment, \\( \\$ 580 \\). July 31: Paid employees' salaries \\( \\$ 2,500 \\), office rent \\( \\$ 1,700 \\), and utilities \\( \\$ 530 \\). Record these entries as a compound entry. July 31: The business received \\( \\$ 1,180 \\) for medical screening services to be performed next month. \\begin{tabular}{c||c||c||c|} \\hline \\multicolumn{1}{c||}{ Date } & Accounts & Debit & Credit \\\\ \\hline \\hline July 31 & & & \\\\ \\hline \\end{tabular} July 31: Yung withdrew cash of \\( \\$ 7,400 \\). \\begin{tabular}{c||c||c||c|c|} \\hline \\multicolumn{1}{c||}{ Date } & Accounts & Debit & Credit \\\\ \\hline \\hline July 31 & & & \\\\ \\hline \\end{tabular} Vernon Yung practises medicine under the business title Vernon Yung, MD. During July, the medical practice completed the transactions provided. (Click the icon to view the transactions.) Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense. Required Journalize each transaction. Explanations are not required. July 9: Paid \\( \\$ 21,000 \\) cash to purchase land to be used in operations. July 10: Purchased office supplies on account, \\( \\$ 1,700 \\). Vernon Yung practises medicine under the business title Vernon Yung, MD. During July, the medical practice completed the transactions provided. (Click the icon to view the transactions.) The business uses the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Accounts Payable; Unearned Revenue; Note Payable; V. Yung, Capital; V. Yung, Withdrawals; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense. Required Journalize each transaction. Explanations are not required

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