Dr. John Salvaggi is a chiropractor. As of December 31, he owned the following property that related to his professional practice. Cash Office Equipment X-ray Equipment Laboratory Equipment He also owes the following business suppliers: Chateau Gas Compa Aloe Medical Supply Company Assets $3,500 6,400 10,220 6,840 Required: 1. From the preceding information, compute the accounting elements and enter them in the accounting equation shown as follows. Liabilities Owner's Equity S $3,430 4,120 Assets + 2. During January, the assets increase by $8,540, and the liabilities increase by $3,360. Compute the resulting accounting equation. Assets Liabilities Owner's Equity + S 3. During February, the assets decrease by $3,460, and the liabilities increase by $2,000. Compute the resulting accounting equation. Liabilities Owner's Equity +

Dr. John Salvagol is a chiropractor. As of December 31 , he owned the following property that related to his professibanat practice. He also owes the following business suppliers: Required: 1. From the preceding information, compute the accounting elements and enter them in the accounting equation shown as follows