The following financial data are for the dental practice of Dr. Jose Ortiz when he began operations in July. 1. Owes $42,000 to the Sanderson Equipment Company. 2. Has cash balance of $31,000. 3. Has dental supplies of $11,300. 4. Owes $12,360 to Galaxy Furniture Supply. 5. Has dental equipment of $57,100. 6. Has office furniture of $20,000. Determine the amounts that would appear in Dr. Ortiz's balance sheet. + Owner's Equity $ Assets Cash Dental supplies Dental equipment Office furniture Liabilities 31,000 = Accounts payable 11,300 57,100/= 20,000/= + + + + + + Total $ 119,400 = $ 01 +