Homework: ACC250 Topic 2 Assignment - OL/TO Save Score: 0 of 20 pts 1 of 2 (0 complete) HW Score: 0%, 0 of 40 pts P2-29A (similar to) Question Help More Info ig Verde Yengling practices medicine under the business title Verde Yengling, M. D. During July, the medical practice completed the following transactions: (Click the icon to view the transactions.) Read The business uses the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Accounts Payable; Advertising Payable; Unearned Revenue; Notes Payable; Yengling, Capital; Yengling, 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 explanation July 1: Yengling contributed $60,000 cash to the business in exchange for capital. Date Accounts Debit Credit More Info Jul. 1 Jul. 1 Yengling contributed $60,000 cash to the business in exchange for capital. Jul. 5 Paid monthly rent on medical equipment, $530. Jul. 9 Paid $13,000 cash to purchase land to be used in operations. Jul. 10 Purchased office supplies on account, $1,300. Jul. 19 Borrowed $30,000 from the bank for business use. Jul. 22 Paid $1,100 on account. The business received a bill for advertising in the daily newspaper to be paid in Jul. 28 August, $300. Jul. 31 Revenues earned during the month included $6,900 cash and $6,100 on account. Paid employees' salaries $3,000, office rent $1,700, and utilities $600. Record as a Jul. 31 compound entry. The business received $1,340 for medical screening services to be performed next Jul. 31 month. Jul. 31 Yengling withdrew cash of $6,900. Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? 23 parts Clear All Check