Vick Yardley practices medicine under the business title Vick Yardley, M. D. During July, the medical practice completed the following transactions: (Click the icon to view the transactions.) The business uses the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Accounts Payable; Advertising Payable; Unearned Revenue; Notes Payable; Yardley, Capital; Yardley, Withdrawals: Service Revenue; Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense Read the requirements Requirement 1. Journalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) July 1: Yardley contributed $68,000 cash to the business in exchange for capital. Date Accounts Debit Credit More info Jul. 1 July 5: Paid monthly rent on medical equipment, $500. Date Accounts Debit Credit Jul. 5 Jul. 1 Yardley contributed $68,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $500. 9 Paid $20,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,300. 19 Borrowed $22.000 from the bank for business use. 22 Paid $800 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $310. 31 Revenues earned during the month $7. cash and $5,700 on account 31 Paid employees' salaries $2,600, office rent $1,400, and utilities $300. Record as a compound entry. 31 The business received $1,050 for medical screening services to be performed next month. 31 Yardley withdrew cash of $7,000. July 9: Paid $20,000 cash to purchase land to be used in operations. Date Accounts Debit Credit Jul. 9 Print Done July 10: Purchased office supplies on account, $1,300. Date Accounts Debit Credit Jul. 10 More info July 19: Borrowed $22,000 from the bank for business use. Date Accounts Debit Credit Jul. 19 Jul. 1 Yardley contributed $68,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $500. 9 Paid $20,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,300. 19 Borrowed $22,000 from the bank for business use 22 Paid $800 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $310. 31 Revenues earned during the month included $7,100 cash and $5,700 on account 31 Paid employees' salaries $2,600, office rent $1,400, and utilities $300. Record as a compound entry. 31 The business received $1,050 for medical screening services to be performed next month. 31 Yardley withdrew cash of $7,000. July 22: Paid $800 on account. Date Accounts Debit Credit Jul. 22 Print Done July 28: The business received a bill for advertising in the daily newspaper to be paid in August, $310 Date Accounts Debit Credit Jul. 28 July 28: The business received a bill for advertising in the daily newspaper to be paid in August, $310. Date Accounts Debit Credit More info Jul. 28 July 31 (a): Revenues earned during the month included $7,100 cash and $5,700 on account. Record as a compound entry. Date Accounts and Explanation Debit Credit Jul. 31 (a) Jul. 1 Yardley contributed $68,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $500. 9 Paid $20,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,300. 19 Borrowed $22,000 from the bank for business use. 22 Paid $800 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $310. 31 Revenues earned during the month included $7,100 cash and $5,700 on account. 31 Paid employees' salaries $2,600, office rent $1,400, and utilities $300. Record as a compound entry. 31 The business received $1,050 for medical screening services to be performed next month. 31 Yardley withdrew cash of $7,000. July 31 (b): Paid employees' salaries $2,600, office rent $1,400, and utilities $300. Record these entries as a compound entry. Date Accounts and Explanation Debit Credit Jul 31 (b) Print Done July 31 (C): The business received $1,050 for medical screening services to be performed next month. II Requirement 2. Post ne transactions to the l-accounts, using transaction dates as posting references in the leager accounts. Lapei ine palance of each account bal. (identity tne July 31 transactions as "a" -'a" as they are apelea in the journal entry tapes.) Post all of the journal entries for July Cash Accounts Payable Service Revenue More info Advertising Payable Salaries Expense Accounts Receivable Unearned Revenue Rent Expense Jul. 1 Yardley contributed $68,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $500. 9 Paid $20,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,300. 19 Borrowed $22,000 from the bank for business use. 22 Paid $800 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $310. 31 Revenues earned during the month included $7,100 cash and $5,700 on account 31 Paid employees' salaries $2,600, office rent $1,400, and utilities $300. Record as a compound entry. 31 The business received $1,050 for medical screening services to be performed next month. 31 Yardley withdrew cash of $7,000. Office Supplies Notes Payable Utilities Expense Land Yardley, Capital Advertising Expense Print Done Requirement 3. Prepare the trial balance of Vick Yardley, M. D., as of July 31, 2017 Vick Yardley, M.D. Trial Balance July 31, 2017 Balance Debit Credit Account Title Total