What is the final amount in Total Equity

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Reference no: EM132431302

Question - Use T-accounts to record the transactions below, which occur on March 12, 2019, 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

4. Purchase equipment for $49,000 in cash

5. Borrow $65,000 from a bank.

Dansko Integrated Balance Sheet As of March 11, 2019 (amounts in thousands)

Cash

9,900

Accounts Payable

2,700

Accounts Receivable

4,500

Debt

3,500

Inventory

3,800

Other Liabilities

1,000

Property Plant & Equipment

16,800

Total Liabilities

7,200

Other Assets

1,600

Paid-in Capital

8,000

 

 

Retained Earnings

21,400

 

 

Total Equity

29,400

Total Assets

36,600

Total Liabilities & Equity

36,600

Required - What is the final amount in Total Equity? Please specify your answer in the same units as the balance sheet.

Reference no: EM132431302

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