Note:-• Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.• Answer completely.• You will get up vote for sure. Dansko IntegratedBalance SheetAs of January 24, 2022(amounts in thousands)Cash9,900 Accounts Payable2,700Accounts Receivable4,500Debt3,500Inventory3,800Other Liabilities1,000Property Plant & Equipment 16,800Total Liabilities7,200Other Assets1,600Paid-In Capital8,000Retained Earnings21,400Total Equity29,400Total Assets36,600 Total Liabilities & Equity 36,600Record the transactions in a journal, transfer the journal entries to T-accounts, computeclosing amounts for the T-accounts, and construct a balance sheet to answer thequestion.Jan 25. Pay $4,000 owed to a supplierJan 26. Issue $90,000 in stockJan 27. Buy $16,000 worth of manufacturing supplies on creditWhat is the final amount in Total Equity?

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Description: Note:-• Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.• Answer completely.• You will get up vote for sure. Dansko IntegratedBalance SheetAs of January 24, 2022(amounts in thousands)Cash9,90

A journal is a book of original entries where all financial transactions of a business are recorded…

Business

Accounting

Dansko Integrated Balance Sheet As of January 24, 2022 (amounts in thousands) Cash 9,900 Accounts Receivable 4,500 Inventory 3,800 Property Plant & Equipment 16,800 Other Assets 1,600 Accounts Payable Debt Other Liabilities Total Liabilities Paid-In Capital Retained Earnings 2,700 3,500 Jan 25. Pay $4,000 owed to a supplier Jan 26. Issue $90,000 in stock Jan 27. Buy $16,000 worth of manufacturing supplies on credit What is the final amount in Total Equity? 1,000 7,200 8,000 21,400 Total Equity 29,400 Total Assets 36,600 Total Liabilities & Equity 36,600 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.

Dansko Integrated Balance Sheet As of January 24, 2022 (amounts in thousands) Cash 9,900 Accounts Receivable 4,500 Inventory 3,800 Property Plant & Equipment 16,800 Other Assets 1,600 Accounts Payable Debt Other Liabilities Total Liabilities Paid-In Capital Retained Earnings 2,700 3,500 Jan 25. Pay $4,000 owed to a supplier Jan 26. Issue $90,000 in stock Jan 27. Buy $16,000 worth of manufacturing supplies on credit What is the final amount in Total Equity? 1,000 7,200 8,000 21,400 Total Equity 29,400 Total Assets 36,600 Total Liabilities & Equity 36,600 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.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...

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