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On July 31, 2021. Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,770, Accounts Receivable $2,635, Supplies $535.
On July 31, 2021. Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,770, Accounts Receivable $2,635, Supplies $535. Equipment $15,350, Notes Payable $11,000. Accounts Payable $860, L. Meche, Capital $15,000, L. Meche, Drawings $5,270, Service Revenue $9,120, Rent Expense $1.190, and Salaries Expense $2.230. Transactions during August 2021 follow: General Journal Date Account Titles Debit Credit 2021 Aug. 1 Rent Expense 1,190 Cash 1.190 10 Accounts Payable 435 Cash 435 12 Cash 2,850 Accounts Receivable 2.850 25 Salaries Expense Cash 2.230 2.230 1435 Cash 12 Cash 435 2,850 Accounts Receivable 2.850 25 Salaries Expense 2,230 Cash 2,230 30 Notes Payable 465 Interest Expense 40 Cash 505 31 Cash 6,130 Accounts Receivable 2,600 Service Revenue 8,730 31 L. Meche. Drawings. 4,650 Cash 4,650 Create T accounts and enter the July 31 balances. Cash Accounts Receivable Supplies Equipment Notes Payable Accounts 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 onder displayed in the problem statement.) July 31 Cash 8,770 July 31 Accounts Receivable 2.635 July 31 Accounts Receivable 2.635 July 31 Supplies 535 July 31 Equipment 15,350 Notes Payable July 31 11,000 > Accounts Payable July 31 L. Meche, Capital July 31 July 31 L. Meche, Drawings 5.270 Service Revenue 860 15.000 July 31 9.120 Service Revenue July 31 July 31 Rent Expense 1,190 July 31 Salaries Expense 2,230 9,120 eTextbook and Media Prepare a trial balance at August 31. Interest Expense IFF MECHE, MD Prepare a trial balance at August 31. LEE MECHE, MD Trial Balance Debit Credit Totals
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