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Owes $42,000 to the Sanderson Equipment Company. Has cash balance of $31,000. Has dental supplies of $11,300. Owes $12,360 to Galaxy Furniture Supply. Has dental
Owes $42,000 to the Sanderson Equipment Company. Has cash balance of $31,000. Has dental supplies of $11,300. Owes $12,360 to Galaxy Furniture Supply. Has dental equipment of $57,100. Has office furniture of $20,000.
The following financial data are for the dental practice of Dr. Jose Ortiz when he began operations in July. 1. Owes \\( \\$ 42,000 \\) to the Sanderson Equipment Company. 2. Has cash balance of \\( \\$ 31,000 \\). 3. Has dental supplies of \\( \\$ 11,300 \\). 4. Owes \\( \\$ 12,360 \\) to Galaxy Furniture Supply. 5. Has dental equipment of \\( \\$ 57,100 \\). 6. Has office furniture of \\( \\$ 20,000 \\). Determine the amounts that would appear in Dr. Ortiz's balance sheetStep by Step Solution
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