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The following financial data are for the dental practice of Dr. Jose Ortiz when he began operations in July. 1. Owes $18,700 to the
The following financial data are for the dental practice of Dr. Jose Ortiz when he began operations in July. 1. Owes $18,700 to the Sanderson Equipment Company. 2. Has cash balance of $13,200. 3. Has dental supplies of $3,500. 4. Owes $4,030 to Galaxy Furniture Supply. 5. Has dental equipment of $26,250. 6. Has office furniture of $7,700. Determine the amounts that would appear in Dr. Ortiz's balance sheet. Total Assets Liabilities ++++ + + Owner's Equity
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