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Vito Yasmin practices medicine under the business title Vito Yasmin, M.D. During July, the medical practice completed the following transactions: (Click the icon to view
Vito Yasmin practices medicine under the business title Vito Yasmin, M.D. During July, the medical practice completed the following transactions: (Click the icon to view the transactions.) A (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: Yasmin contributed 564,000 cash to the business in exchange for common stock. Date Accounts Debit Credit i More Info Jul, 1 Accounts Payable Accounts Receivable Advertising Expense Advertising Payable Cash Common Stock Dividends Land Notes Payable Office Supplies Rent Expense Salaries Expense Service Revenue Unearned Revenue Utilities Expense Jul. 1 Yasmin contributed $64,000 cash to the business in exchange for common stock. 5 Paid monthly rent on medical equipment. $520. 9 Paid $12,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, S1,800. 19 Borrowed $23,000 from the bank for business use. 22 Paid $1,200 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $250 31 Revenues earned during the month included $6,100 cash and $5,800 on account. 31 Paid employees' salaries $2,900, office rent $1,300, and utilities S350. Record as a compound entry 31 The business received $1,450 for medical screening services to be performed next month. 31 Paid cash dividends of $7,100. Print Done Choose from any list or enter any number in the input fields and then click Check
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