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Torche Corporation Balance Sheet As of January 24, 2022 (amounts in thousands) Cash Accounts Receivable Inventory 14,700 Accounts Payable 2,400 4,800 Debt 3,700 3,800 Other
Torche Corporation Balance Sheet As of January 24, 2022 (amounts in thousands) Cash Accounts Receivable Inventory 14,700 Accounts Payable 2,400 4,800 Debt 3,700 3,800 Other Liabilities 5,000 Property Plant & Equipment 15,800 Total Liabilities 11,100 Other Assets 900 Paid-In Capital Retained Earnings Total Equity 6,000 22,900 28,900 Total Assets 40,000 Total Liabilities & Equity 40,000 Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the T- accounts, and construct a balance sheet to answer the question. Jan 25. Receive payment of $12,000 owed by a customer Jan 26. Buy $15,000 worth of manufacturing supplies on credit Jan 27. Purchase equipment for $44,000 in cash Jan 28. Issue $80,000 in stock Jan 29. Pay $4,000 owed to a supplier What is the final amount in Total Liabilities & Equity? Note: Transaction amnainte sa d
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