Dansko Integrated Balance Sheet As of January 24, 2023 (amounts in thousands) Cash Accounts Receivable Inventory Property Plant & Equipment 16,800 Other Assets 1,600 9,900 4,500 3,800 Accounts Payable Debt Other Liabilities Total Liabilities Paid-In Capital Retained Earnings Total Equity 2,700 3,500 1,000 7,200 8,000 21,400 29,400 36,600 Total Liabilities & Equity 36,600 Total Assets 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 Jan 28. Purchase equipment for $49,000 in cash Jan 29. Borrow $65,000 from a bank What is the final amount in Total Equity?

Dansko Integrated Balance Sheet As of January 24, 2023 (amounts in thousands) Cash Accounts Receivable Inventory Property Plant & Equipment 16,800 Other Assets 1,600 9,900 4,500 3,800 Accounts Payable Debt Other Liabilities Total Liabilities Paid-In Capital Retained Earnings Total Equity 2,700 3,500 1,000 7,200 8,000 21,400 29,400 36,600 Total Liabilities & Equity 36,600 Total Assets 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 Jan 28. Purchase equipment for $49,000 in cash Jan 29. Borrow $65,000 from a bank What is the final amount in Total Equity?

Name: Dansko IntegratedBalance SheetAs of January 24, 2023(amounts in thous
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Description: Dansko IntegratedBalance SheetAs of January 24, 2023(amounts in thousands)Cash9,9004,500Inventory3,800Property Plant & Equipment 16,800Other Assets1,600Accounts ReceivableAccounts PayableDebtOther LiabilitiesTotal LiabilitiesPaid-In CapitalRetained

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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