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Dr . John Salvaggi is a chiropractor. As of December 3 1 , he owned the following property that related to his professional practice. Cash

Dr. John Salvaggi is a chiropractor. As of December 31, he owned the following property that related to his professional practice.
Cash $3,570
Office Equipment 6,440
X-ray Equipment 10,000
Laboratory Equipment 6,850
He also owes the following business suppliers:
Chateau Gas Company $3,450
Aloe Medical Supply Company 4,100
Required:
1. From the preceding information, compute the accounting elements and enter them in the accounting equation shown as follows.
Assets = Liabilities + Owner's Equity
$fill in the blank 1
$fill in the blank 2
$fill in the blank 3
2. During January, the assets increase by $8,400, and the liabilities increase by $3,290. Compute the resulting accounting equation.
Assets = Liabilities + Owner's Equity
$fill in the blank 4
$fill in the blank 5
$fill in the blank 6
3. During February, the assets decrease by $3,310, and the liabilities increase by $2,000. Compute the resulting accounting equation.
Assets = Liabilities + Owner's Equity
$fill in the blank 7
$fill in the blank 8
$fill in the blank 9

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