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Determine the amounts that would appear in dr wells balance

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Reference no: EM132757292

The following financial data are for the dental practice of Dr. Donna Wells when she began operations in July.

  1. Owes $17,000 to the Allen Equipment Company.
  2. Has cash balance of $11,500.
  3. Has dental supplies of $2,650.
  4. Owes $3,180 to Contemporary Furniture Supply.
  5. Has dental equipment of $24,550.
  6. Has office furniture of $6,000.

Problem 1: Determine the amounts that would appear in Dr. Wells' balance sheet.

Reference no: EM132757292

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