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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 $18,400 to the
The following financial data are for the dental practice of Dr. Jose Ortiz when he began operations in July. 1. Owes $18,400 to the Sanderson Equipment Company. 2. Has cash balance of $12,900. 3. Has dental supplies of $3,350. 4. Owes $3,880 to Galaxy Furniture Supply. 5. Has dental equipment of $25,950. 6. Has office furniture of $7,400. Determine the amounts that would appear in Dr. Ortiz's balance sheet. Assets Liabilities + + + $ 0+ Total $ 0 = Owner's Equity $ 0
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