Vick Yardley practices medicine under the business title Vick Yardley, M. D. During July, the… 1 answer below »

Vick Yardley practices medicine under the business title Vick Yardley, M. D. During July, the medical practice completed the following transactions.July 1 Yardley contributed $66,000 cash to the business in exchange for captial.July 5 Paid monthly rent on medical equipment, $590.9 Paid $19,000 cash to purchase land to be used in operations.
10Purchased office supplies on? account,$1,900.19Borrowed $30,000 from the bank for business use.22Paid $1,600 on account.28The business received a bill for advertising in the daily newspaper to be paid in August?, $250.31Revenues earned during the month included $6,800 cash and $6,300 on account.31Paid? employees' salaries $2,100?,office rent $1,400?,and utilities $500.Record as a compound entry.31The business receive $1,340 for medical screening services to be performed next month.
31 Yardley withdrew cash of $6,800.
The business uses the following? accounts: Cash; Accounts? Receivable; Office?Supplies; Land; Accounts? Payable; Advertising? Payable; Unearned? Revenue; Notes? Payable; Yardley?,?Capital;Yardley?,?Withdrawals; Service? Revenue; Salaries?Expense; Rent? Expense; Utilities? Expense; and Advertising Expense.
Requirement 1. Journalize each transaction. Explanations are not required.?(Record debits? first, then credits. Exclude explanations from journal? entries.)Requirement 2.Post the transactions to the? T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal.?(Identify July 31 transactions as? "a" -? 'd" as they are labeled in the journal entry? tables.)Requirement 3. Prepare the trial balance of Vick Yardly, M.D. as of July 31, 2018.

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