CREATE T ACCOUNTS AND ENTER THE JULY $31$ST BALANCES:

On July $31,2024,$ Lee King, MD$,$ had the following balances in the ledger for his medical practice: Cash $$8,940,$ Accounts Receivable $$2,720,$ Supplies $$620,$ Equipment $$16,200,$ Notes Payable $$10,700,$ Accounts Payable $$870,$ L$.$ King, Capital $$15,000,$ L$.$ King, Drawings $$5,030,$ Service Revenue $$10,160,$ Rent Expense $$1,130,$ and Salaries Expense $$2,090.$ Transactions during August $2024$ follow: