Victor Yang practices medicine under the business title Victor Yang, M.D. During March, the medical practice completed the following transactions: 1-Mar Yang contributed $62,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $570 9 Paid $14,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,500 19 Borrowed $27,000 from the bank for business use. 22 Paid $1,400 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in April, $220 31 Revenues earned during the month included $5,700 cash and $5,800 on account 31 Paid employees' salaries $2,100, office rent $1,500, and utilities $350 (should be recorded as one entry (Hint: 1 credit, 3 31 The business received $1,000 for medical screeening services to be performed next month (Hint: Unearned Revenue) 31 Yang withdrew cash of $7,100 Hint 1 Cash Balance: $69,680 4 Create the 3 Financial Statements from the Trial Balance (a. Income Statement b. Statement of Owner's Equity c. Balance Sheet)