Jeff Smith has been running his business on a strictly cash basis. At a party over the weekend, he met an accountant who told him that his business should use a modified cash system. Jeff has brought you his chart of accounts so that you may revise it as well as lay out a synoptic journal. Using the following chart of accounts for Jeff Smith, design a synoptic journal for him. Allow columns for payroll deductions.

Chart of Accounts Assets 111 Cash 113 Petty Cash Revenue 411 Professional Fees Expenses 511 Insurance Expense 512 Furniture Expense 514 Medical Equipment Expense 515 Medical Supplies Expense 516 Salary Expense 517 Telephone Expense 518 Miscellaneous Expense Liabilities 211 Bank Loan Payable Owner's Equity 311 J. Smith, Capital 312 J. Smith, Withdrawals 313 Income Summary