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 Jul. 1 Yang contributed $69,000 cash to the business in exchange for common stock. Jul. 5 Paid monthly rent on medical equipment, $520. Jul. 9 Paid $19,000 cash to purchase land to be used in operations. Jul. 10 Purchased office supplies on account, $1,000 Jul. 19 Borrowed $28,000 from the bank for business use. Jul. 22 Paid $800 on account More info Jul. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $270. Jul. 31 Revenues earned during the month included $6,700 cash and $5,300 on account Jul. 31 Paid employees' salaries $2,500, office rent $800, and utilities $500. Record as a compound entry Jul. 31 The business received $1,390 for medical screening services to be performed next month Jul. 31 Paid cash dividends of $6,600. Accounts 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 Requirements 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