Zara Huang practices medicine under the business title Zara Huang, M.D. During March, the medical practice completed the following transactions: 

The business uses the following accounts: Cash; Accounts Receivable; 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 unadjusted trial balance of Zara Huang, M.D., as of March 31, 2025.

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Mar. 1 5 9 10 19 22 28 31 31 31 31 Huang contributed $74,000 cash to the business in exchange for common stock. Paid monthly rent on medical equipment, $560. Paid $24,000 cash to purchase land to be used in operations. Purchased supplies on account, $1,300. Borrowed $19,000 from the bank for business use. Paid $900 on account. The business received a bill for advertising online to be paid in April, $120. Revenues earned during the month included $7,100 cash and $4,700 on account. Paid employees' salaries $2,000, office rent $1,600, and utilities $320. Record as a compound entry. The business received $1,400 for medical screening services to be performed next month. Paid cash dividends of $8,000.