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On July 31, 2021, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8.940, Accounts Receivable $2.720, Supplies $620,

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On July 31, 2021, Lee Meche, 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. Meche, Capital S15,000. L. Meche. Drawings $5,030, Service Revenue $10,160, Rent Expense $1,130, and Salaries Expense $2,090. Transactions during August 2021 follow: General Journal Date Account Titles Debit Credit 2021 Aug. 1 Rent Expense 1,130 Cash 1,130 10 Accounts Payable 425 Cash 425 12 Cash 2.960 Accounts Receivable 2.960 25 Salaries Expense 2,090 Cash 2,090 30 Notes Payable 500 Interest Expense 55 31 Cash 6,040 Accounts Receivable 2,680 Service Revenue 8,720 31 L. Meche, Drawings 4,860 Cash 4,860 Create T accounts and enter the July 31 balances. Cash Accounts Receivable Supplies Equipment Notes Payable Accounts Payable L. Meche, Capital L. Meche, Drawings Service Revenue Rent Expense Salaries Expense Post the transactions to the T accounts. (Post entries in the order displayed in the problem statement.) Cash July 31 8,940 2 Accounts Receivable July 31 2,720 Supplies July 31 620 Equipment July 31 16,200 Notes Payable July 31 10.700 Accounts Payable July 31 870 L. Meche, Capital July 31 15.000 L. Meche, Drawings 5,030 July 31 Service Revenue July 31 10.160 Rent Expense July 31 1,130 Salaries Expense July 31 2.090 Interest Expense + 2 Prepare a trial balance at August 31. LEE MECHE, MD Trial Balance Debit Credit + $ . c Totals

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