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The following financial data are for the dental practice of Dr. Donna Wells when she began operations in July. 1. Owes $21,000 to the Allen
The following financial data are for the dental practice of Dr. Donna Wells when she began operations in July. 1. Owes $21,000 to the Allen Equipment Company. 2. Has cash balance of $15,500. 3. Has dental supplies of $5,650. 4. Owes $6,180 to Contemporary Furniture Supply. 5. Has dental equipment of $28,550. 6. Has office furniture of $10,000. Determine the amounts that would appear in Dr. Wells' balance sheet. Assets Liabilities Owner's Equity Total
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