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The following financial data are for the dental practice of Dr. Jose Ortiz when he began operations in July. Owes $17,600 to the Sanderson Equipment

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 $25,150.
  6. Has office furniture of $6,600.

Determine the amounts that would appear in Dr. Ortizs balance sheet.

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