On July 31, 2021, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,740, Account

[answerhappygod]

On July 31 2021 Lee Meche Md Had The Following Balances In The Ledger For His Medical Practice Cash 8 740 Account 1 (65 KiB) Viewed 12 times

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 2,730 25 Salaries Expense 2,310 Cash 2,310 30 Notes Payable 485 Accounts Receivable
30 Notes Payable 485 Interest Expense 35 Cash 520 6,020 Accounts Receivable 2,500 Service Revenue 8,520 31 L. Meche, Drawings 4,640 Cash 4,640 Create T accounts and enter the July 31 balances. Cash Accounts Receivable 31 Cash
Accounts Receivable Supplies Equipment Notes Payable Accounts Payable L. Meche, Capital L. Meche, Drawings
L. Meche, Drawings Service Revenue Rent Expense Salaries Expense
July 31 July 31 Cash 8,740 Accounts Receivable 2,620 Supplies
July 31 July 31 < Supplies 520 Equipment 15,200 Notes Payable July 31 Accounts Payable July 31 < 10,320 900
July 31 July 31 Rent Expense 1,150 Salaries Expense 2,310 Interest Expense
< < < < > $ LEE MECHE, MD Trial Balance Debit $ Credit