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Vick Yardley practices medicine under the business title Vick Yardley, M. D. During July, the medical practice completed the following transactions: Requirement 1. Journalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) July 1: Yardley contributed $69,000 cash to the business in exchange for capital. Date Accounts Debit Credit Jul. 1 July 5: Paid monthly rent on medical equipment, $540. Date Accounts Debit Credit Jul. 5 July 9: Paid $21,000 cash to purchase land to be used in operations. Date Accounts Debit Credit Jul. 9 July 10: Purchased office supplies on account, $1,400. Date Accounts Debit Credit Jul. 10 July 19: Borrowed $27,000 from the bank for business use. Date Accounts Debit Credit Jul. 19 July 22: Paid $1,200 on account. Date Jul. 22 Accounts Debit Credit July 28: The business received a bill for advertising in the daily newspaper to be paid in August, $280. Date Accounts Debit Credit Jul. 28 July 31 (a): Revenues earned during the month included $6,100 cash and $5,800 on account. Record as a compound entry. Date Accounts and Explanation Debit Credit Jul 31 (a) July 31 (b): Paid employees' salaries $2,900, office rent $900, and utilities $500. Record these entries as a compound entry. Date Accounts and Explanation Debit Credit Jul. 31 (b) July 31 (c): The business received $1,150 for medical screening services to be performed next month. Date Accounts Debit Credit Jul. 31 (c) July 31 (d): Yardley withdrew cash of $6,400. Date Accounts Debit Credit Jul. 31 (d) 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 the July 31 transactions as "a" - 'd" as they are labeled in the journal entry tables.) Post all of the journal entries for July. Cash Accounts Payable Service Revenue Advertising Payable Salaries Expense Accounts Receivable Unearned Revenue Rent Expense Office Supplies Notes Payable Utilities Expense Land Yardley, Capital Advertising Expense Yardley, Withdrawals Requirement 3. Prepare the trial balance of Vick Yardley, M.D., as of July 31, 2017 Vick Yardley, M. D. Trial Balance July 31, 2017 Balance Account Title Debit Credit

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