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 1. Journalize each transaction Explanations are not required. (Record debits first, then credits Exclude explanations from journal entries.) July 1 Yang contributed $64.000 cash to the business in exchange for common stock Date Jul 1 Accounts July 5 Paid monthly rent on medical equipment 5610 Date Jul 5 Accounts Debit Credit Debit Credit Jul. 1 Jul. 5 Jul. 9 Jul. 10 Jul. 19 Jul. 22 Jul. 28 Jul. 31 Jul. 31 Jul. 31 Jul. 31 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. Purchased office supplies on account, $1,000 Borrowed $30,000 from the bank for business use Paid $700 on account 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