Vince York practices medicine under the business title Vince York, M.D. During July 2021, the medical practice completed the following transactions (numbers are expressed as 000s VND): Jul. 1 York contributed 63,000 cash to the business in exchange for common stock. 5 Paid monthly rent on medical equipment, 510. 10 Purchased office supplies on account, 1,600. 19 Borrowed 22,000 from the bank for business use. 22 Paid 1,100 for the office supplies purchased on July 10 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, 240. 31 Revenues earned during the month included 6,400 cash and 6,000 on account. 31 Paid utilities 560. 31 Paid cash dividends of 7,200.

a) Record each transaction in the journal. Include a brief explanation.

b) Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts.

c) Prepare the trial balance of Vince York, M.D, as of July 31, 2021. d) Compute the financial statements ((except the cash flow statement) of this company at the end of July