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The following financial data are for the dental practice of Dr. Donna Wells when she began operations in July. Owes $18,400 to the Allen Equipment
The following financial data are for the dental practice of Dr. Donna Wells when she began operations in July.
- Owes $18,400 to the Allen Equipment Company.
- Has cash balance of $12,900.
- Has dental supplies of $3,350.
- Owes $3,880 to Contemporary Furniture Supply.
- Has dental equipment of $25,950.
- Has office furniture of $7,400.
Determine the amounts that would appear in Dr. Wells balance sheet.
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