Question

Dr. L. M. Patton is an ophthalmologist. As of December 31, Dr. Patton owned the following property that related to his professional practice, Patton Eye Clinic:
Cash, $ 2,995
Professional Equipment, $ 63,000
Office Equipment, $ 8,450
On the same date, he owed the following business creditors:
Munez Supply Company, $ 3,816
Martin Equipment Sales, $ 3,728
Compute the following amounts in the accounting equation.
Assets $______ = Liabilities $______ + Owner’s Equity $______



$1.99
Sales0
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  • CreatedOctober 21, 2014
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