Problems Group A P2-29A Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Vince York practices medicine under the business title Vince York, M.D. During July, the medical practice completed the following transactions: Jul 1 5 9 10 19 22 28 York contributed 563,000 cash to the business in exchange for common stock Paid monthly rent on medical equipment, 5510. Paid $23,000 cash to purchase land to be used in operations. I Purchased office supplies on account, 51,600 Borrowed 522,000 from the bank for business use Paid 51,100 on account. The business received a bill for advertising in the daily newspaper to be paid in August, $240. Revenues earned during the month included 56,400 cash and 56,000 on account Paid employees' salaries $2,200, office rent 51,900, and utilities 5560 Record as a compound entry. The business received 51,120 for medical screening services to be performed next month. Paid cash dividends of $7,200 31 31 31 31 The business uses the following accounts: Cash; Accounts Receivable; Office Supplies, Land; Accounts Payable, Advertising Payable; Unearned Revenue; Notes Payable; Common Stock: Dividends, Service Revenue, Salaries Expense, Rent Expense; Utilities Expense; and Advertising Expense. 9 MacBook Ai