Question

Exercise 2-15 On July 31, 2021, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,820, Accounts Receivable $2,660, Supplies $560, Equipment $15,600, Notes Payable $10,630, Accounts Payable $800, L Meche, Capital $15,000, L. Meche, Drawings $5,240, Service Revenue $10,200, Rent Expense $1,270, and Salaries Expense $2,480. Transactions during August 2021 follow: Debit Credit 1,270 1,270 450 General Journal Date Account Titles 2021 Aug. 1 Rent Expense Cash 10 Accounts Payable Cash 12 Cash Accounts Receivable 25 Salaries Expense Cash 30 Notes Payable Interest Expense Cash 31 Cash Accounts Receivable Service Revenue 31 L. Meche, Drawings Cash 450 2,870 2.870 2,480 2.480 530 60 590 6,090 2,570 8,660 4,700 4,700

Answer 1

Rent expense a/c

particulars	amount	particulars	amount
To bal b/d	1270
To cash	1270	By bal c/d	2540
Total	2540	Total	2540

Cash a/c

particulars	amount	particulars	amount
To bal b/d	8820	By rent	1270
To accounts receivable	2870	By accounts payable	450
To sales revenue	6090	By salary expense	2480
		By notes payable	530
		By interest expense	60
		By drawing	4700
		By bal c/d	8290
Total	17780		17780

Accounts payable a/c

particulars	amount	particulars	amount
To cash	450	By bal b/d	800
To bal c/d	350
total	800		800

Account receivable a/c

particulars	amount	particulars	amount
To bal b/d	2660	By cash	2870
To sales	2520	By bal c/d	2310
Total	5180		5180

Salary Expense a/c

particulars	amount	particulars	amount
To bal b/d	2480
To cash	2480	By bal c/d	4960
Total	4960		4960

Interest expense

particulars	amount	particulars	amount
To bal b/d	0
To cash	60	By bal c/d	60
Total	60		60

Notes payale a/c

particulars	amount	particulars	amount
To cash	530	By bal b/d	10630
To bal c/d	10100
Total	10630		10630

Service revenue a/c

particulars	amount	particulars	amount
		By bal b/d	10200
To bal c/d	18810	By cash	6090
		By accounts receivable	2520
Total	18810		18810

Drawing A/c

particulars	amount	particulars	amount
		By bal c/d	9940
To bal b/d	5240
To cash	4700
Total	9940		9940

capital = 15000

supplies = 560

equipment= 15600