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:
