On July 31, 2014, Lee Mache, MD, had the following balances in the ledger for his medical practice: Cash $8,800; Accounts Receivable $2,750; Supplies $585; Equipment $15,550; Notes Payable $10,000; Accounts Payable $850; L. Mache, Capital $15,000; L. Mache, Drawings $5,125; Fees Earned $10,410; Rent Expense $1,200; and Salaries Expense $2,250. Selected transactions during August 2014 follow:

Instructions
(a) Create T accounts and enter the July 31 balances.
(b) Post the transactions to the T accounts. Create new T accounts if needed.
(c) Prepare a trial balance at August 31.

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GENERAL JOURNAL Date Account title and explanation Ref Debit Credit 2014 Aug. 1 10 1,200 420 2,400 2,250 500 Rent Expense Cash Accounts Payable 1,200 420 2,400 2,250 Cash Cash 12 25 30 Accounts Receivable Salaries Expense Cash Notes Payable Interest Expense 40 Cash 540 31 Cash Accounts Receivable 5,910 2,550 Fees Earned 8,460 31 L. Meche, Drawings 4,770 Cash 4,770