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On July 31, 2021. Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8.780, Accounts Receivable $2,640, Supplies $540,
On July 31, 2021. Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8.780, Accounts Receivable $2,640, Supplies $540, Equipment $15.400, Notes Payable $10,410, Accounts Payable $840. L. Meche, Capital $15,000. L. Meche Drawings $5,000, Service Revenue $9,540, Rent Expense $1.100, and Salaries Expense $2.170. Transactions during August 2021 follow General Journal Date Account Titles Debit Credit 2021 Aug 1 Rent Expense 1.100 Cash 1.180 10 Accounts Payable 420 Cash 420 12 Cash 2.590 Accounts Receivable 2.590 25 Salaries Expense 2.170 Cash 2.170 30 Notes Payable 545 Interest Expense 35 Cash 580 31 Cash 6,000 Accounts Receivable 2.540 Service Revenue 8,540 31 L.Meche. Drawings 4,830 Cash 4,830
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