On July 31, 2021, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,900, Accounts Receivable $2,700, Supplies $600, Equipment $16,000, Notes Payable $10,600, Accounts Payable $860, L. Meche, Capital $15,000, L. Meche, Drawings $5,050, Service Revenue $10,660, Rent Expense $1,370, and Salaries Expense $2,500. Transactions during August 2021 follow: General Journal Date Account Titles Debit Credit 2021 Aug. 1 Rent Expense 1,370 Cash 1.370 10 Accounts Payable 425 Cash 425 12 Cash 2.900 2.900 25 Salaries Expense 2,500 Accounts Receivable
25 Salaries Expense Cash 30 Notes Payable Interest Expense Cash Accounts Receivable Service Revenue 31 L. Meche, Drawings Cash 31 Cash 2,500 510 50 6,080 2,630 4,590 2,500 560 8,710 4,590 2
On July 31, 2021, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,900, Account
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
On July 31, 2021, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,900, Account
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!