Question
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
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 accounts used by the business.) (Click the icon to view the transactions.) 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 $65,000 cash to the business in exchange for common stock. Date Jul. 1 Accounts July 5: Paid monthly rent on medical equipment, $520. Date Jul. 5 Accounts July 9: Paid $21,000 cash to purchase land to be used in operations. Date Jul. 9 Accounts July 10: Purchased office supplies on account, $1,500. Date Jul. 10 Accounts Debit Credit Debit Credit Debit Credit Debit Credit July 19: Borrowed $32.000 from the bank for business use. Choose from any list or enter any number in the input fields and then continue to the next question.
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