Nippon Technology
Balance Sheet
As of January 24, 2019
(amounts in thousands)
Ca...
Business, 30.08.2021 17:10, destinyranson
Nippon Technology
Balance Sheet
As of January 24, 2019
(amounts in thousands)
Cash13,700Accounts Payable2,000
Accounts Receivable3,200Debt3,600
Inventory5,100Other Liabilities900
Property Plant & Equipment15,400Total Liabilities6,500
Other Assets800Paid-In Capital7,200
Retained Earnings24,500
Total Equity31,700
Total Assets38,200Total Liabilities & Equity38,200
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. Sell, deliver, and receive payment of $20,000 for service
Jan 26. Consume good or service and pay expense of $2,000
Jan 27. Sell product for $25,000 in cash with historical cost of $20,000
What is the final amount in Total Assets?
Please specify your answer in the same units as the balance sheet.
Answers: 1
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