Question: Exercise 2.4 (Algo) Determining balance sheet amounts. LO 2-1, 2-2, 2-3 The following financial data are for the dental practice of Dr. Jose Ortiz when
Exercise 2.4 (Algo) Determining balance sheet amounts. LO 2-1, 2-2, 2-3 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 $7700, Determine the amounts that would appear in Dr. Ortiz's balance sheet. Assets Liabilities Owner's Equity Total
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