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The following financial data are for the dental practice of Dr. David Malone when he began operations in July. 1. Owes $18,800 to the Davis

The following financial data are for the dental practice of Dr. David Malone when he began operations in July.

1. Owes $18,800 to the Davis Equipment Company.
2. Has cash balance of $13,300.
3. Has dental supplies of $3,550.
4. Owes $4,080 to 21st Century Furniture Supply.
5. Has dental equipment of $26,350.
6. Has office furniture of $7,800.

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