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What is the owners equity

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Reference no: EM132487258

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

Point 1: Owes $17,900 to the Allen Equipment Company.

Point 2: Has cash balance of $12,400.

Point 3: Has dental supplies of $3,100.

Point 4: Owes $3,630 to Contemporary Furniture Supply.

Point 5: Has dental equipment of $25,450.

Point 6: Has office furniture of $6,900.

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

Question 2: what is the asset

Question 3: what is the liablity

Question 4: what is the owners equity

Reference no: EM132487258

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