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Exercise 2.4 (Algo) Determining balance sheet amounts. LO 2-1, 2-2, 2-3 The following financial data are for the dental practice of Dr. Carlos Martinez when
Exercise 2.4 (Algo) Determining balance sheet amounts. LO 2-1, 2-2, 2-3 The following financial data are for the dental practice of Dr. Carlos Martinez when he began operations in July. 1. Owes $17,400 to the Duncanville Equipment Company. 2. Has cash balance of $11,900. 3. Has dental supplies of $2,850. 4. Owes $3,380 to Contemporary Furniture Supply. 5. Has dental equipment of $24,950. 6. Has office furniture of $6,400. Determine the amounts that would appear in Dr. Martinez's balance sheet
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