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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 $17,400 to the Davis
The following financial data are for the dental practice of Dr. David Malone when he began operations in July. |
1. | Owes $17,400 to the Davis Equipment Company. |
2. | Has cash balance of $11,900. |
3. | Has dental supplies of $2,850. |
4. | Owes $3,380 to 21st Century Furniture Supply. |
5. | Has dental equipment of $24,950. |
6. | Has office furniture of $6,400. |
Determine the amounts that would appear in Dr. Malone's balance sheet. |
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