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. Transactions Jul. 1 Yung contributed $69,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $600. 9 Paid $21,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,800. 19 Borrowed $32,000 from the bank for business use. 22 Paid $1,300 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $290. 31 Revenues earned during the month included $6,800 cash and $5,900 on account. 31 Paid employees' salaries $2,300, office rent $1,600, and utilities $520. Record as a compound entry. 31 The business received $1,110 for medical screening services to be performed next month. 31 Yung withdrew cash of $7,100. 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 $69,000 cash to the business in exchange for capital. July 5: Paid monthly rent on medical equipment, $600. July 9: Paid $21,000 cash to purchase land to be used in operations. Rent Expense; Utilities Expense; and Advertising Expense. Required Journalize each trnsaction. Explanations are not required. July 10: Purchased office supplies on account, $1,800. Julv 19: Borrowed $32,000 from the bank for business use. lulv 22. Paid $1.300 on account. July 28: The business received a bill for advertising in the daily newspaper to be paid in August, $290. July 28: The business received a bill for advertising in the daily newspaper to be paid in August, $290. Rent Expense; Utilities Expense; and Advertising Expense. Required Journalize each transaction. Explanations are not required. Julv 31: Paid employees' salaries $2,300, office rent $1,600