Vince York practices medicine under the business title Vince

Vince York practices medicine under the business title Vince York, MD During July, the medical practice completed the following transactions: (Click the icon to view t Click the icon to view the transactions.) Read the requirements: Requirement 1. Journalize each transaction. Explanations are not required. (Record debits first then credits Exci July 1: York contributed $63,000 cash to the business in exchange for capital. Date Accounts Debit Credit Jul. 1

Solution

Solution: Date Accounts Debit Credit Jul. 1 Cash $63,000 York, Capital $63,000 Jul. 5 Rent Expense $510 Cash $510 Jul. 9 Land $23,000 Cash $23,000 Jul. 10 Office supplies $1,600 Accounts payable $1,600 Jul. 19 Cash $22,000 Notes Payable $22,000 Jul. 22 Accounts payable $1,100 Cash $1,100 Jul. 28 Advertising Expense $240 Advertising Payable $240 Jul. 31 Cash $6,400 Accounts Receivable $6,000 Service Revenue $12,400 Jul. 31 Salaries Expense $2,200 Rent Expense $1,900 Utilities Expense $560 cash $4,660 Jul. 31 Cash $1,120 Unearned Revenue $1,120 Jul. 31 York, Withdrawal $7,200 Cash $7,200 Notes: Explanation are not given as question have specifically said that. Please feel free to ask if anything about above solution in comment section of the question.