Use the January transaction data for Ned Brown, M.D., P.C., given in Short Exercise 2-5.

Requirements

1. Open the following T-accounts: Cash, Accounts receivable, Medical supplies, Accounts payable, Common stock, Service revenue, and Rent expense.

2. After making the journal entries in Short Exercise 2-5, post to the T-accounts. No dates or posting references are required. Compute the balance of each account, and denote it as Bal.