The following financial data are for the dental practice of Dr. Donna Wells when she began operations
Question:
The following financial data are for the dental practice of Dr. Donna Wells when she began operations in July. Determine the amounts that would appear in Dr. Wells's balance sheet.
1. Owes $21,000 to the Allen Equipment Company.
2. Has cash balance of $15,500.
3. Has dental supplies of $5,650.
4. Owes $6,180 to Contemporary Furniture Supply.
5. Has dental equipment of $28,550.
6. Has office furniture of $10,000.
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Assets Liabilities Owners Equity Cash 15500 Ac...View the full answer
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Related Book For 
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina
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