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On July 31, 2021, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,910, Accounts Receivable $2,705, Supplies

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On July 31, 2021, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,910, Accounts Receivable $2,705, Supplies $605, Equipment $16,050, Notes Payable $10,880, Accounts Payable $810, L. Meche, Capital $15,000, L. Meche, Drawings $5,220, Service Revenue $10.440. Rent Expense $1,150, and Salaries Expense $2.490. Transactions during August 2021 follow: General Journal Date Account Titles Debit Credit 2021 Aug. 1 Rent Expense 1,150 Cash 1,150 10 Accounts Payable. 425 Cashi 425 12 Cash 2,710 Accounts Receivable 2,710 25 Salaries Expense 2,490 Cash 2,490 30 Notes Payable 540 Interest Expense 70 Cash 610 Cach 050

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