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Dansko Integrated Balance Sheet As of March 11, 2018 (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 March 11, 2018 (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 |
Use T-accounts to record the transactions below, which occur on March 12, 2018, close the T-accounts, and construct a balance sheet to answer the question.
1. Consume good or service and pay expense of $3,000 2. Sell product for $40,000 in cash with historical cost of $32,000 3. Sell, deliver, and receive payment of $25,000 for service
What is the final amount in Total Liabilities & Equity?
Please specify your answer in the same units as the balance sheet.
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