The Accounting Equation Dr. John Salvaggi is a chiropractor. As of December 31, he owned the following property that related to his professional practice. $3,510 6,450 10,060 6,920 Cash Office Equipment X-ray Equipment Laboratory Equipment He also owes the following business suppliers: Chateau Gas Company Aloe Medical Supply Company Required: 1. From the preceding information, compute the accounting elements and enter them in the accounting equation shown as follows. Liabilities Owner's Equity Assets 2. During January, the assets increase by $8,350, and the liabilities increase by $3,390. Compute the resulting accounting equation. Assets Liabilities Owner's Equity $3,420 4,220 Assets = 1111 3. During February, the assets decrease by $3,520, and the liabilities increase by $1,960. Compute the resulting accounting equation. Liabilities Owner's Equity +

The Accounting Equation Dr. John Salvaggi is a chiropractor. As of December 31, he owned the following property that related to his professional practice. He also owes the following business suppliers: 1. From the preceding information, compute the accounting elements and enter them in the accounting equation shown as follows