Questions: Jul. 31: The business received 2,000 for medical screening services to be performed next month.

To record the transaction where the business received $2,000 for medical screening services to be performed next month, we need to recognize that this is an advance payment for services not yet rendered. This means the business has a liability to perform the services in the future. The appropriate accounts to use are "Cash" and "Unearned Revenue."

Here is the journal entry for July 31:

\begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline Jul. 31 & Cash & \$2,000 & \\ \hline & Unearned Revenue & & \$2,000 \\ \hline \end{tabular}

• Cash (Debit): The business received cash, so the Cash account is debited to increase it.
• Unearned Revenue (Credit): This represents a liability because the business has an obligation to provide services in the future. The Unearned Revenue account is credited to reflect this liability.