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.