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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
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 25. Purchase equipment for $43,000 in cash Jan 26. Receive payment of $11,000 owed by a customer Jan 27. Buy $14,000 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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