Question
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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