How to determine balance sheet amounts?
The following financial data are for the dental practice of Dr. David Malone when he began operations in July. |
1. |
Owes $17,700 to the Davis Equipment Company. |
2. |
Has cash balance of $12,200. |
3. |
Has dental supplies of $3,000. |
4. |
Owes $3,530 to 21st Century Furniture Supply. |
5. |
Has dental equipment of $25,250. |
6. |
Has office furniture of $6,700. |
Determine the amounts that would appear in Dr. Malone's balance sheet |
The following financial data are for the dental practice of Dr. David Malone when he began operations in July. |
1. |
Owes $17,700 to the Davis Equipment Company. |
2. |
Has cash balance of $12,200. |
3. |
Has dental supplies of $3,000. |
4. |
Owes $3,530 to 21st Century Furniture Supply. |
5. |
Has dental equipment of $25,250. |
6. |
Has office furniture of $6,700. |
Determine the amounts that would appear in Dr. Malone's balance sheet |
The following financial data are for the dental practice of Dr. David Malone when he began operations in July. |
1. |
Owes $17,700 to the Davis Equipment Company. |
2. |
Has cash balance of $12,200. |
3. |
Has dental supplies of $3,000. |
4. |
Owes $3,530 to 21st Century Furniture Supply. |
5. |
Has dental equipment of $25,250. |
6. |
Has office furniture of $6,700. |
Determine the amounts that would appear in Dr. Malone's balance sheet |