HAPTER 2 THE RECORDING PROCESS trial balance at October 31 for his medicale Instructions ament $15,550; Notes Payable si arned $10.410 al entries and I balance. Journalize the October transactions and give explanations for each entry. Determine the October 31, 2014, balance for each account. Prepare a balance at Oct 2-10 On July 31, 2014, Lee Meche, MD, had the following balances in the ledger for his face: sh .800; Accounts Receivable $2750: Supplies 5585: Equipment Notes Payab Accounts Payable Seso: L Meche. Capital $15.000 L Meche, Drawings 53.125: Fees Earned to pense $1.200; and Salaries Expense $2,250. Selected transactions during August 2014 follow Debit Credit GENERAL JOURNAL Account title and explanation Ref 1,200 Date 2014 Aug. 1 1,200 420 420 2,400 2,400 2,250 2,250 500 Rent Expense Cash Accounts Payable Cash Cash Accounts Receivable Salaries Expense Cash Notes Payable Interest Expense Cash Cash Accounts Receivable Fees Earned L. Meche, Drawings Cash 40 540 5,910 2,550 8,460 4,770 4.770 Instructions (a) Create Taccounts and enter the July 31 balances (b) Post the transactions to the accounts. Create new (c) Prepare a trial balance at August 31 accounts if needed