Question: Please help me resolve this. The following financial data are for the dental practice of Dr. Donna Wells when she began operations in July. 1.

Please help me resolve this.

 Please help me resolve this. The following financial data are for

The following financial data are for the dental practice of Dr. Donna Wells when she began operations in July. 1. Owes $17,100 to the Allen Equipment Company. 2. Has cash balance of $11,600. 3. Has dental supplies of $2,700. 4. Owes $3,230 to Contemporary Furniture Supply. 5. Has dental equipment of $24,650. 6. Has office furniture of $6,100. Determine the amounts that would appear in Dr. Wells' balance sheet. Assets Liabilities + Owner's Equity Cash 11,600 = Accounts payable 17,100 + Advertising expense $ 2,700 Accounts payable Accounts payable 3,230 + Advertising expense 24,650 Accounts receivable Accounts receivable Accounts receivable Total 11,600 E 20,330 + 27,350

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