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On July 31, 2021, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,840, Accounts Receivable $2,670, Supplies $570,

On July 31, 2021, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,840, Accounts Receivable $2,670, Supplies $570, Equipment $15,700, Notes Payable $10,080, Accounts Payable $890, L. Meche, Capital $15,000, L. Meche, Drawings $5,270, Service Revenue $10,570, Rent Expense $1,330, and Salaries Expense $2,160. Transactions during August 2021 follow:

General Journal

Date

Account Titles

Debit

Credit

2021

Aug. 1

Rent Expense

1,330

Cash

1,330

10

Accounts Payable

410

Cash

410

12

Cash

2,610

Accounts Receivable

2,610

25

Salaries Expense

2,160

Cash

2,160

30

Notes Payable

460

Interest Expense

60

Cash

520

31

Cash

6,140

Accounts Receivable

2,750

Service Revenue

8,890

31

L. Meche, Drawings

4,710

Cash

4,710

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