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Exercise 2-15 On July 31, 2021, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,820, Accounts Receivable $2,660,

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Exercise 2-15 On July 31, 2021, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,820, Accounts Receivable $2,660, Supplies $560, Equipment $15,600, Notes Payable $10,630, Accounts Payable $800, L Meche, Capital $15,000, L. Meche, Drawings $5,240, Service Revenue $10,200, Rent Expense $1,270, and Salaries Expense $2,480. Transactions during August 2021 follow: Debit Credit 1,270 1,270 450 General Journal Date Account Titles 2021 Aug. 1 Rent Expense Cash 10 Accounts Payable Cash 12 Cash Accounts Receivable 25 Salaries Expense Cash 30 Notes Payable Interest Expense Cash 31 Cash Accounts Receivable Service Revenue 31 L. Meche, Drawings Cash 450 2,870 2.870 2,480 2.480 530 60 590 6,090 2,570 8,660 4,700 4,700

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