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Exercise 2: Problem Solving The following are the data of Shine Dental Clinic for December 31, 2020. Accounts Receivable P 10,368.00 Medical equipment ? 151,320.00

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Exercise 2: Problem Solving The following are the data of Shine Dental Clinic for December 31, 2020. Accounts Receivable P 10,368.00 Medical equipment ? 151,320.00 Ofce equipment ? 100,728.00 Notes Payable ? 100,384.00 Accounts payable 1; 50,263.00 Dr. Sanchez, capital P 54,001.00 Dr. Sanchez, drawing ? 10,000.00 Dental fees earned P 150,220.00 Rent expense ? 5,400.00 Medical supplies expense ? 10,666.00 Utilities expense ? 3,200.00 Salaries expense ? 20,934.00 Total F 354,868.00 F 354,868.00 Instruction: Extract the basic accounting equation:A = L + GE Show your computation on the yellow paper. Guide Questions: 1. How much is the total assets? 2. How much is the total liabilities? 3. How much is the total owner's equity

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