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) (Click the icon to view the accounts used by the business.) Read the requirements Requirement 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 labeled in the journal entry tables.) Post all of the journal entries for July Cash Accounts Payable Service Revenue. Advertising Payable Salaries Expense 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, 2024. Account Title Victor Yang, M.D. Trial Balance July 31, 2024 Debit Balance Credit Yang contributed $64.000 cash to the business in exchange for common stock. Paid monthly rent on medical equipment, $610 Paid $16,000 cash to purchase land to be used in operations Jul. 1 Jul. 5 Jul. 9 Jul. 10 Jul. 19 Jul. 22 Paid $700 on account Jul. 28 Jul. 31 Jul. 31 Jul. 31 Jul. 31 Purchased office supplies on account, $1,000. Borrowed $30,000 from the bank for business use The business received a bill for advertising in the daily newspaper to be paid in August $310. Revenues earned during the month included $6,700 cash and $5,800 on account Paid employees' salaries $2,100 office rent $1,100 and utilities $300. Record as a compound entry The business received $1,150 for medical screening services to be performed next month Paid cash dividends of $6,600 The business uses the following accounts: Cash; Accounts Receivable; Office Supplies: Land; Accounts Payable; Advertising Payable: Unearned Revenue; Notes Payable; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense