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Record the transactions in a journal, transfer the journal entries to T - accounts, compute closing amounts for the T - accounts, and construct a
Record the transactions in a journal, transfer the journal entries to Taccounts, compute closing amounts for the T
accounts, and construct a balance sheet to answer the question.
Jan Purchase equipment for $ in cash
Jan Borrow $ from a bank
Jan Issue $ in stock
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 ie enter the number from your updated
balance sheet
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