Question: Please answer the question below as it pertains to accounting. Question 2 On July 31, 2017, Lee Meche, MD, had the following balances in the

Please answer the question below as it pertains to accounting.

Please answer the question below as it pertains to accounting. Question 2

Question 2 On July 31, 2017, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,760, Accounts Receivable $2,630, Supplies $530, Equipment $15,300, Notes Payable $10,590, Accounts Payable $810, L. Meche, Capital $15,000, L. Meche, Drawings $5,330, Fees Earned $9,260, Rent Expense $1,010, and Salaries Expense $2,100. Selected transactions during August 2017 follow: Date Account Titles Debit Credit 2017 Aug. 1 Rent Expense 1,010 Cash 1,010 10 Accounts Payable 440 Cash 440 12 Cash 2,580 Accounts Receivable 2,580 25 Salaries Expense 2,100 Cash 2,100 30 Notes Payable 460 Interest Expense 65 Cash 525 31 Cash 6,180 Accounts Receivable 2,360 Fees Earned 8,540 31 L. Meche, Drawings 4,670 Cash 4,670 Create T accounts and enter the July 31 balances. Post the transactions to the T accounts. (Post entries in the order of journal entries presented in the previous part.)

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