Reference no: EM132380268

Question

On July 31, 2017, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,760, Accounts Receivable $2,630, Supplies $530, Equipment $15,300, Notes Payable $10,590, Accounts Payable $810, L. Meche, Capital $15,000, L. Meche, Drawings $5,330, Fees Earned $9,260, Rent Expense $1,010, and Salaries Expense $2,100. Selected transactions during August 2017 follow:

Date Account Titles   Disbit Credit

2017   

Aug. 1 Rent Expense 1,010

Cash 1.010

10 Accounts Payable 440

Cash 12 cash 2,580

Accounts Receivable 2.580

25 Salaries Expanse 2,100

Cash 2,100

10 Notes Payable 460

Interest Expense Cash

31 Cash 6,180

Accounts Receivable 2,360

Fees Eamed 8.540

31 L. Meche, Drawings 4,670

Cash 4.670

Create T accounts and enter the July 31 balances. Post the transactions to the T accounts.