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Dansko Integrated Balance Sheet As of January 3, 2020 (amounts in thousands) Cash 9,900 Accounts Payable 2,700 Accounts Receivable 4,500 Debt 3,500 Inventory 3,800 Other
Dansko Integrated Balance Sheet As of January 3, 2020 (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 |
Transfer the journal entries to T-accounts for the transactions below, compute closing amounts for the T-accounts, and construct a final balance sheet to answer the question.
Journal amounts in thousands
Date | Account and Explanation | Debit | Credit |
---|---|---|---|
Jan 4 | Accounts Payable | 4 | |
Cash | 4 | ||
Paid money owed to supplier | |||
Jan 5 | Cash | 90 | |
Paid-In Capital | 90 | ||
Issued stock | |||
Jan 6 | Cash | 16 | |
Inventory | 13 | ||
Retained Earnings | 3 | ||
Sold and delivered product to customer | |||
Jan 7 | Property, Plant & Equipment | 49 | |
Cash | 49 | ||
Paid cash for machine | |||
Jan 8 | Cash | 65 | |
Debt | 65 | ||
Borrowed money from bank | |||
Jan 9 | Cash | 10 | |
Accounts Receivable | 10 | ||
Received customer payment | |||
Jan 10 | Inventory | 17 | |
Accounts Payable | 17 | ||
Bought manufacturing supplies on credit |
What is the final amount in Total Equity?
Please specify your answer in the same units as the balance sheet (i.e., enter the number from your updated balance sheet).
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