Dansko Integrated Balance Sheet As of January 24, 2022 (amounts in thousands) Cash 9,900 Accounts Receivable 4,500 Inventory 3,800 Property Plant & Equipment 16,800 Other Assets 1,600 Accounts Payable Debt Other Liabilities Total Liabilities Paid-In Capital Retained Earnings 2,700 3,500 Jan 25. Pay $4,000 owed to a supplier Jan 26. Issue $90,000 in stock Jan 27. Buy $16,000 worth of manufacturing supplies on credit What is the final amount in Total Equity? 1,000 7,200 8,000 21,400 Total Equity 29,400 Total Assets 36,600 Total Liabilities & Equity 36,600 Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the T-accounts, and construct a balance sheet to answer the question.
Dansko Integrated Balance Sheet As of January 24, 2022 (amounts in thousands) Cash 9,900 Accounts Receivable 4,500 Inventory 3,800 Property Plant & Equipment 16,800 Other Assets 1,600 Accounts Payable Debt Other Liabilities Total Liabilities Paid-In Capital Retained Earnings 2,700 3,500 Jan 25. Pay $4,000 owed to a supplier Jan 26. Issue $90,000 in stock Jan 27. Buy $16,000 worth of manufacturing supplies on credit What is the final amount in Total Equity? 1,000 7,200 8,000 21,400 Total Equity 29,400 Total Assets 36,600 Total Liabilities & Equity 36,600 Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the T-accounts, and construct a balance sheet to answer the question.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Dansko Integrated
Balance Sheet
As of January 24, 2022
(amounts in thousands)
Cash
9,900 Accounts Payable
2,700
Accounts Receivable
4,500
Debt
3,500
Inventory
3,800
Other Liabilities
1,000
Property Plant & Equipment 16,800
Total Liabilities
7,200
Other Assets
1,600
Paid-In Capital
8,000
Retained Earnings
21,400
Total Equity
29,400
Total Assets
36,600 Total Liabilities & Equity 36,600
Record the transactions in a journal, transfer the journal entries to T-accounts, compute
closing amounts for the T-accounts, and construct a balance sheet to answer the
question.
Jan 25. Pay $4,000 owed to a supplier
Jan 26. Issue $90,000 in stock
Jan 27. Buy $16,000 worth of manufacturing supplies on credit
What is the final amount in Total Equity?
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