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On July 31, 2021, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,740, Accounts Receivable $2,620, Supplies

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On July 31, 2021, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,740, Accounts Receivable $2,620, Supplies $520, Equipment $15,200, Notes Payable $10,320, Accounts Payable $900, L. Meche, Capital $15,000, L. Meche, Drawings $5,410, Service Revenue $9,730, Rent Expense $1,150, and Salaries Expense $2,310. 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 440 Cash 440 12 Cash 2,730 Accounts Receivable 25 Salaries Expense 2,730 2,310 Cash 2,310 30 Notes Payable 485

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