Question

Jul. 1 Yang contributed $70,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $590. 9 Paid $19,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,500. 19 Borrowed $21,000 from the bank for business use. 22 Paid $900 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $260. 31 Revenues earned during the month included $6,800 cash and $5,800 on account. Paid employees' salaries $2,100, office rent $1,000, and utilities $200. Record as a compound entry 31 31 The business received $1,280 for medical screening services to be performed next month. Yang withdrew cash of $7,300. 31 -X 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, 2017 Print Done Requirement 1. Jounalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) July 1: Yang contributed $70,000 cash to the business in exchange for capital. Date Accounts Debit Credit Jul. 1 Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clear All

Answer 1

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内② D气| 1280 1280 구300 To Con LEDYER CASH Acco unDt DR SRo o00 Jul 31 170 Service·wueuuk de e abo 2100 2.00 46990 구8080 CAPITAL Accut CR Qrudl aticulars VS

Pocl Leele Aale 01イ 9000 CR Grul Jul 31 | Tb Balance clol .| 600 SDD Dale 2100 2100 31 3u 2100 2100 Act of file Raut G.00 utilities Accou . 200

Dale ヲ30D 28 o Jul 31 Talane ci 28 o ke 21000 21000 리OOD CR Advertising Accou caula 28 To ols advoyting Ale 26« 260 CR PA culss S8oo

3: TRIAL LALANCE F 2 as of Jul 31 2017. Heads of Acuo y699o Sao looo 2oo UHlitHes フ30D 1 260 Rouen 1 A(c. 260 0 bffice Sppl'es. SCO Duts Advet 26D