2A to) Part 1 of 5 HW Score: 11.1%, 7.33 points O Points: 0 of 51 John Favata opens a dental practice. During the first month of operation (March), the practice, titled John Favata Dental Clinic Ltd., experienced the following events. (Click the icon to view the events.) Requirements Dr. Ohara has the following questions about his practice after the first month of operations. a. What are the total assets of the practice? ework: Assignment 2A Question 1, E2-17 (similar to) Part 1 of 5 HW Score: 11.1%, 7.33 of 66 points O Points: 0 of 51 Save list 1 Events K John Favata opens a dental practice. During the first month of operation (March), the practice, titled John Favata Dental Clinic Ltd, experienced the following events (Click the icon to view the events.) Requirements Mar 6 Favata invested $44,000 in the business, which in turn issued its common shares to i him 9 The business paid cash for land costing $25,000. Favata plans to build a professional services building on the land. 12 The business purchased dental supplies for $1,600 on account 15 John Favata Dental Clinic Ltd. officially opened for business. 15-31 During the rest of the month, Favata treated patients and earned service revenue of $2,500, receiving cash for half the revenue earned 15-31 The practice paid cash expenses employee salaries, $800; office rent, $1,400, utilities, $100. 31 The practice used dental supplies with a cost of $950. 31 The practice borrowed $12,000, signing a note payable to the bank 31 The practice paid $900 on account to a supplier Print Done - X this Calculator Ask my instructor Clear all Final check EURA FAST Homework: Assignment 2A Question 1, E2-17 (similar to) Part 1 of 5 HW Score: 11.1%, 7.33 01 points uestion list Question 1 Question 21 O Points: 0 of 51 John Favata opens a dental practice. During the first month of operation (March), the practice, titled John Favata Dental Clinic Ltd, experienced the following events. (Click the icon to view the events.) Requirements Dr. Ohara has the following questions about his practice after the first month of operations. Requirements Dr. Favata has the following questions about his practice after the first month of operations. Provide him with the answers a. What are the total assets of the practice? b. How much is owing to the practice from patients? c. How much does the practice owe in total? d. How much of the practice's assets does Dr. Favata have a claim to? e. How much net income did the practice eam? Print Done solve this Calculator Ask my instructor Clear all Final check ULTRA FAST DISPLAY 99->