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. Jose Ortiz when he began operations in July 1. Owes $17.600 to the Sanderson Equipment Company. 2. Has cash balance of $12,100. 3. Has dental supplies of $2,950. 4. Owes $3,480 to Galaxy Furniture Supply 5. Has dental equipment of $25150. 6. Has office furniture of $6,600. Determine the amounts that would appear in Dr. Ortiz's balance sheet Owner's Equity Assets Cash Dental supplies Dental equipment Office fumiture Liabilities 12 100 = 'Accounts payable 2.950) = 25,150 = 6.600] = Jose Ortiz, Capital Total $ 0 46.800