Question 3 of 4 -/20 On July 31, 2024, Lee Smith, MD, had the following balances in the ledger for his medical practice: Cash $8,700, Accounts Receivable $2,600, Supplies $500, Equipment $15,000, Notes Payable $10,000, Accounts Payable $800, L. Smith, Capital $15,000, L. Smith, Drawings $5,000, Service Revenue $9,000. Rent Expense $1,000, and Salaries Expense $2,000. Transactions during August 2024 follow General Journal Date Account Titles Debit Credit 2024 Aug 1 Rent Expense 1,000 Cash 1,000 10 Accounts Payable - 400 Cash 400 12 Cash 2,000 Accounts Receivable 2,000 25 Salaries Expense 2,000 Cash 2.000 30 Notes Payable 450