Wk 1. Apply: Connect Exercise (due Mon) Saved The following financial data are for the dental practice of Dr. Donna Wells when she began operations in July 1. Owes $17,300 to the Allen Equipment Company 2. Has cash balance of $11,800. 3. Has dental supplies of $2,800 4. Owes $3,330 to Contemporary Furniture Supply 5. Has dental equipment of $24,850, 6. Has office furniture of $6,300. points Determine the amounts that would appear in Di Wells' balance sheet. Assets Liabilities Owner's Equity Cullen Beatty plans to start a consulting business-Cullen Consulting Services. In preparation to do this, on April 1, 2019, he invested $46,500 in cash and $15,500 in equipment, and opened an account at Office Plus by purchasing $1,150 in office supplies which is due by the end of the month. He then signed a one year lease agreement on an office building for $5,300, paying the full amount in advance. Prepare a Balance Sheet for Cullen Consulting Services as of April 1, 2019, before he conducts any services. CULLEN CONSULTING SERVICES Balance Sheet April 1, 2019 Liabilities Owner's Equity Total Assets Total Liabilities and Owner's Equity