Victor Yang practices medicine under the business title Victor Yang, 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; Yang, Capital, Yang, 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. Explanations are not required.) July 1: Yang contributed $61,000 cash to the business in exchange for capital. Date Accounts Debit Credit Jul. 1 - X Data Table Requirements July 1 Yang contributed $61,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $570 9 Paid $15,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,200. 19 Borrowed $26,000 from the bank for business use. Yang signed a note payable to the bank in the name of the business 22 Paid $900 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $200 31 Revenues earned during the month included $6,300 cash and $5,400 on account. 31 Paid employees' salaries $2,200, office rent $1,800, and utilities $400. Record as a compound entry. 31 The business received $1,130 for medical screening services to be performed next month. 31 Yang withdrew cash of $7,400. 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 Victor Yang, M.D. as of July 31, 2015. Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 23 parts Clear All Clear All Check Answer remaining