Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Vito York practices medicine under the business title Vito York, M.D. During March, the medical practice completed the following transactions:
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.
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 trial balance of Vito York, M.D., as of March 31, 2017.
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