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Compute the amount of assets liabilities

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Reference no: EM132902620

Question - Dr. Ethana Jenson is a podiatrist. As of December 31, Jensen on the following assets related to the professional practice:

Cash $6,600

Office equipment $3,500

X-Ray Equipment $9,000

Laboratory Equipment $3,000

As of that date Johnson old business suppliers as follows:

Top-flight office equipment co. $3,000

Dunhill Medical Supplies Company $1,000

Island Gas Company $2,200

Required -

a) Compute the amount of assets liabilities and owner's equity as of December 31st.

b) Assuming that during January there is an increase of 4600 Dr. Jensen's business assets and an increase of 2500 in the business liabilities compute the resulting equation as of January 31st.

c) Assuming they're doing February there is an decrease of 1500 in assets in a decrease of 1200 and liabilities compute the resulting accounting equation as of February 28th.

Reference no: EM132902620

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