Question
Dansko Integrated Balance Sheet As of March 11, 2022 Cash 8900 Accounts Payable 2700 Accounts Receivable 4500 Debt 3500 Inventory 3800 Other Liabilities 1000 Property
Dansko Integrated Balance Sheet As of March 11, 2022
Cash 8900 | Accounts Payable 2700 | |
Accounts Receivable 4500 | Debt 3500 | |
Inventory 3800 | Other Liabilities 1000 | |
Property Plant & Equipment 16800 | Total Liabilities 7200 | |
Other Assets 1600 |
| |
Retained Earnings 21400 | ||
| ||
Total Assets 36600 |
|
Use T-accounts to record the transactions below, which occur on March 12, 2022, close the T-accounts, and construct a balance sheet to answer the question.
1. Pay $4,000 owed to a supplier 2. Issue $90,000 in stock 3. Buy $16,000 worth of manufacturing supplies on credit
What is the final amount in Total Equity?
Note: Transaction amounts are provided in dollars but the balance sheet units are thousands of dollars.
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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