Use the starting balance sheet, income statement, and the list of changes to answer the...

Question

Use the starting balance sheet, income statement, and the list of changes to answer the question. Dansko Integrated Balance Sheet As of December 31, 2018 (amounts in thousands) Cash 29,000 Liabilities...

Use the starting balance sheet, income statement, and the list of changes to answer the question.

Dansko Integrated Balance Sheet As of December 31, 2018 (amounts in thousands)
Cash	29,000	Liabilities	33,000
Other Assets	26,000	Equity	22,000
Total Assets	55,000	Total Liabilities & Equity	55,000

Dansko Integrated Income Statement January 1 to March 31, 2019 (amounts in thousands)
Revenue	7,100
Expenses	2,800
Net Income	4,300

Between January 1 and March 31, 2019:

1. Cash increases by $200,000
2. Other Assets decrease by $100,000
3. Paid-In Capital does not change
4. Dividends paid of $200,000

What is the value for Liabilities on March 31, 2019?

Please specify your answer in the same units as the financial statements.

Use the income statement and the list of changes to answer the question.

Hopewell Corporation Income Statement January 1 to December 31, 2018 (amounts in thousands)
Revenue	6,400
Cost of Goods Sold (COGS)	1,280
Gross Income	5,120
Sales, General, & Administrative Expenses (SG&A)	640
Depreciation Expense	1,100
Other Expenses	600
Earnings Before Interest & Taxes (EBIT)	2,780
Interest	80
Pre-Tax Income	2,700
Income Taxes	1,080
Net Income	1,620

Between January 1 and December 31, 2018:

1. Accounts Receivable decrease by $400,000
2. Accounts Payable decrease by $100,000
3. Gross Property, Plant, & Equipment increase by $7,800,000
4. Long Term Debt increases by $200,000

Assume no other changes

What is the Net Cash Flow?

Please specify your answer in the same units as the income statement.

Use the starting balance sheet and statement of cash flows to answer the question.

Valley Technology Balance Sheet As of December 31, 2018 (amounts in thousands)
Cash	97,000	Accounts Payable	15,000
Accounts Receivable	45,000	Debt	29,000
Inventory	38,000	Other Liabilities	8,000
Property Plant & Equipment, Gross	239,000	Total Liabilities	52,000
Accumulated Depreciation	75,000	Paid-In Capital	73,000
Property Plant & Equipment, Net	164,000	Retained Earnings	236,000
Other Assets	17,000	Total Equity	309,000
Total Assets	361,000	Total Liabilities & Equity	361,000

Valley Technology Statement of Cash Flows January 1 to March 31, 2019 (amounts in thousands)
Net Income	8,500
Depreciation	1,500
Decrease (Increase) in Accounts Receivable	(100)
Decrease (Increase) in Inventory	500
Increase (Decrease) in Accounts Payable	(800)
Other Adjustments	0
Net Cash Flow from Operating Activities	9,600
Purchase of Property, Plant, & Equipment	(5,700)
Other Adjustments	0
Net Cash Flow from Investing Activities	(5,700)
Increase (Decrease) in Debt	(1,000)
Dividends	(200)
Other Adjustments	0
Net Cash Flow from Financing Activities	(1,200)
Net Cash Flow	2,700

What is the value for Total Liabilities & Equity on March 31, 2019?

Please specify your answer in the same units as the financial statements.

Use the balance sheets and information provided about revenue and expenses to answer the question.

Siam Traders Balance Sheet As of December 31, 2018 (amounts in thousands)
Cash	91,000	Accounts Payable	19,000
Accounts Receivable	44,000	Debt	24,000
Inventory	48,000	Other Liabilities	6,000
Property Plant & Equipment, Gross	234,000	Total Liabilities	49,000
Accumulated Depreciation	78,000	Paid-In Capital	69,000
Property Plant & Equipment, Net	156,000	Retained Earnings	247,000
Other Assets	26,000	Total Equity	316,000
Total Assets	365,000	Total Liabilities & Equity	365,000

Siam Traders Balance Sheet As of March 31, 2019 (amounts in thousands)
Cash	96,000	Accounts Payable	25,000
Accounts Receivable	45,000	Debt	23,300
Inventory	38,000	Other Liabilities	-6,720
Property Plant & Equipment, Gross	234,000	Total Liabilities	41,580
Accumulated Depreciation	78,700	Paid-In Capital	69,000
Property Plant & Equipment, Net	155,300	Retained Earnings	248,720
Other Assets	25,000	Total Equity	317,720
Total Assets	359,300	Total Liabilities & Equity	359,300

Revenue and expenses information from January 1 to March 31, 2019 were:
Sales Revenue of $9,600,000
COGS of 35% of Sales
Interest of $160,000
Other Expenses of $400,000
SG&A of $1,920,000
Tax Rate of 34%

What is the net income in the first quarter of 2019?

Please specify your answer in the same units as the balance sheets and round your answer to the nearest integer.

Consider the following account starting balances and transactions involving these accounts.
Use T-accounts to record the starting balances and the offsetting entries for the transactions.

The starting balance of Accounts Receivable is $4,800
The starting balance of Cash is $14,700
The starting balance of Inventory is $3,800

1. Receive payment of $10 owed by a customer
2. Buy $16 worth of manufacturing supplies for cash
3. Sell product for $30 in cash with historical cost of $30

What is the final amount in Inventory?

Consider the following account starting balances and transactions involving these accounts.
Use T-accounts to record the starting balances and the offsetting entries for the transactions.

The starting balance of Accounts Payable is $1,200
The starting balance of Cash is $9,000
The starting balance of Debt is $3,600
The starting balance of Inventory is $5,100

1. Buy $15 worth of manufacturing supplies on credit
2. Borrow $65 from a bank
3. Pay $7 owed to a supplier

What is the final amount in Accounts Payable?

Consider the following account starting balances and transactions involving these accounts.
Use T-accounts to record the starting balances and the offsetting entries for the transactions.

The starting balance of Cash is $13,700
The starting balance of Inventory is $5,100
The starting balance of Retained Earnings is $24,500

1. Sell, deliver, and receive payment of $20 for service
2. Consume good or service and pay expense of $2
3. Sell product for $25 in cash with historical cost of $20

What is the final amount in Retained Earnings?

The T-accounts below summarize transactions of Hopewell Corporation from February 22 to February 25, 2019:

Cash

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12,50048137065542

PP&E, Net

' + $data.startingBalance.toLocaleString()" style="margin: 0px; padding: 3px 5px; border: 0px; font: inherit; vertical-align: baseline; background-color: transparent !important; height: 40px;">Balance
16,70042

Accounts Payable

5' + $data.startingBalance.toLocaleString()" style="margin: 0px; padding: 3px 5px; border: 0px; font: inherit; vertical-align: baseline; background-color: transparent !important; box-shadow: rgb(204, 204, 204) 1px 0px 0px inset; height: 40px;">Balance
2,40015

Other Liabilities

' + $data.startingBalance.toLocaleString()" style="margin: 0px; padding: 3px 5px; border: 0px; font: inherit; vertical-align: baseline; background-color: transparent !important; box-shadow: rgb(204, 204, 204) 1px 0px 0px inset; height: 40px;">Balance
3,000

Accounts Receivable

' + $data.startingBalance.toLocaleString()" style="margin: 0px; padding: 3px 5px; border: 0px; font: inherit; vertical-align: baseline; background-color: transparent !important; height: 40px;">Balance
3,60013

Other Assets

' + $data.startingBalance.toLocaleString()" style="margin: 0px; padding: 3px 5px; border: 0px; font: inherit; vertical-align: baseline; background-color: transparent !important; height: 40px;">Balance
600

Debt

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3,70065

Paid-In Capital

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5,60070

Inventory

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5,2001538

Retained Earnings

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23,90010

What is the final amount in Total Liabilities?

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Valley Technology Balance Sheet As of March 11, 2019 (amounts in thousands)
Cash	9,700	Accounts Payable	1,500
Accounts Receivable	4,500	Debt	2,900
Inventory	3,800	Other Liabilities	800
Property Plant & Equipment	16,400	Total Liabilities	5,200
Other Assets	1,700	Paid-In Capital	7,300
		Retained Earnings	23,600
		Total Equity	30,900
Total Assets	36,100	Total Liabilities & Equity	36,100

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. Buy $15,000 worth of manufacturing supplies on credit
2. Issue $85,000 in stock
3. Borrow $63,000 from a bank

What is the final amount in Total Liabilities?

Please specify your answer in the same units as the balance sheet.

Lightspeed Industries Balance Sheet As of March 11, 2019 (amounts in thousands)
Cash	14,100	Accounts Payable	1,900
Accounts Receivable	3,200	Debt	3,600
Inventory	4,900	Other Liabilities	2,000
Property Plant & Equipment	16,300	Total Liabilities	7,500
Other Assets	500	Paid-In Capital	7,200
		Retained Earnings	24,300
		Total Equity	31,500
Total Assets	39,000	Total Liabilities & Equity	39,000

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. Issue $80,000 in stock
2. Borrow $65,000 from a bank
3. Receive payment of $12,000 owed by a customer
4. Pay $6,000 owed to a supplier
5. Buy $17,000 worth of manufacturing supplies on credit

What is the final amount in Total Assets?

Please specify your answer in the same units as the balance sheet.

Siam Traders Balance Sheet As of March 11, 2019 (amounts in thousands)
Cash	9,100	Accounts Payable	1,900
Accounts Receivable	4,400	Debt	2,400
Inventory	4,800	Other Liabilities	600
Property Plant & Equipment	15,600	Total Liabilities	4,900
Other Assets	2,600	Paid-In Capital	6,900
		Retained Earnings	24,700
		Total Equity	31,600
Total Assets	36,500	Total Liabilities & Equity	36,500

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. Sell product for $30,000 in cash with historical cost of $24,000
2. Sell, deliver, and receive payment of $40,000 for service
3. Consume good or service and pay expense of $2,000

What is the final amount in Total Assets?

Please specify your answer in the same units as the balance sheet.

Consider the following account starting balances and journal transactions involving these accounts.
Use T-accounts to record the starting balances and organize the offsetting entries for the transactions.

The starting balance of Accounts Receivable is $4,800
The starting balance of Cash is $14,700
The starting balance of Inventory is $3,800

Date	Accounts and Explanation	Debit	Credit
Jan 19	Cash	10
	Accounts Receivable		10
	Received customer payment
Jan 20	Inventory	16
	Cash		16
	Bought manufacturing supplies for cash
Jan 21	Cash	30
	Inventory		30
	Sold and delivered product to customer at cost

What is the final amount in Inventory?

Consider the following account starting balances and journal transactions involving these accounts.
Use T-accounts to record the starting balances and organize the offsetting entries for the transactions.

The starting balance of Accounts Payable is $1,900
The starting balance of Cash is $9,100
The starting balance of Debt is $2,400
The starting balance of Inventory is $4,800

Date	Accounts and Explanation	Debit	Credit
Feb 10	Inventory	18
	Accounts Payable		18
	Bought manufacturing supplies on credit
Feb 11	Cash	53
	Debt		53
	Borrowed money from bank
Feb 12	Accounts Payable	8
	Cash		8
	Paid money owed to supplier

What is the final amount in Debt?

Consider the following account starting balances and journal transactions involving these accounts.
Use T-accounts to record the starting balances and organize the offsetting entries for the transactions.

The starting balance of Cash is $12,500
The starting balance of Inventory is $5,200
The starting balance of Retained Earnings is $23,900

Date	Accounts and Explanation	Debit	Credit
Mar 9	Retained Earnings	3
	Cash		3
	Consumed good or service and paid expense with cash
Mar 10	Cash	20
	Inventory		16
	Retained Earnings		4
	Sold and delivered product to customer
Mar 11	Cash	35
	Retained Earnings		35
	Sold, delivered, and received payment for service with no clear associated cost

What is the final amount in Retained Earnings?

Stuart Company Balance Sheet As of January 3, 2019 (amounts in thousands)
Cash	8,400	Accounts Payable	2,800
Accounts Receivable	4,700	Debt	3,400
Inventory	4,200	Other Liabilities	900
Property Plant & Equipment	17,200	Total Liabilities	7,100
Other Assets	2,800	Paid-In Capital	6,700
		Retained Earnings	23,500
		Total Equity	30,200
Total Assets	37,300	Total Liabilities & Equity	37,300

Transfer the journal entries to T-accounts for the transactions below, compute closing amounts for the T-accounts, and construct a final balance sheet to answer the question.

Journal amounts in thousands

Date	Account and Explanation	Debit	Credit
Jan 4	Cash	52
	Debt		52
	Borrowed money from bank
Jan 5	Property, Plant & Equipment	48
	Cash		48
	Paid cash for machine
Jan 6	Cash	85
	Paid-In Capital		85
	Issued stock
Jan 7	Inventory	15
	Accounts Payable		15
	Bought manufacturing supplies on credit
Jan 8	Cash	10
	Inventory		8
	Retained Earnings		2
	Sold and delivered product to customer
Jan 9	Accounts Payable	7
	Cash		7
	Paid money owed to supplier
Jan 10	Cash	11
	Accounts Receivable		11
	Received customer payment

What is the final amount in Total Assets?

Please specify your answer in the same units as the balance sheet.

Ruston Company Balance Sheet As of January 24, 2019 (amounts in thousands)
Cash	9,000	Accounts Payable	1,200
Accounts Receivable	3,400	Debt	3,600
Inventory	5,100	Other Liabilities	2,100
Property Plant & Equipment	17,500	Total Liabilities	6,900
Other Assets	600	Paid-In Capital	5,900
		Retained Earnings	22,800
		Total Equity	28,700
Total Assets	35,600	Total Liabilities & Equity	35,600

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.

Jan 25. Borrow $55,000 from a bank
Jan 26. Buy $14,000 worth of manufacturing supplies on credit
Jan 27. Pay $7,000 owed to a supplier

What is the final amount in Total Assets?

Please specify your answer in the same units as the balance sheet.

Dansko Integrated Balance Sheet As of January 24, 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

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. 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
Jan 28. Purchase equipment for $49,000 in cash
Jan 29. Borrow $65,000 from a bank

What is the final amount in Total Equity?

Please specify your answer in the same units as the balance sheet.

Siam Traders Balance Sheet As of January 24, 2019 (amounts in thousands)
Cash	9,100	Accounts Payable	1,900
Accounts Receivable	4,400	Debt	2,400
Inventory	4,800	Other Liabilities	600
Property Plant & Equipment	15,600	Total Liabilities	4,900
Other Assets	2,600	Paid-In Capital	6,900
		Retained Earnings	24,700
		Total Equity	31,600
Total Assets	36,500	Total Liabilities & Equity	36,500

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 product for $30,000 in cash with historical cost of $24,000
Jan 26. Sell, deliver, and receive payment of $40,000 for service
Jan 27. Consume good or service and pay expense of $2,000

What is the final amount in Total Assets?

Please specify your answer in the same units as the balance sheet.

Answered Same DayAug 19, 2021

Answer To: Use the starting balance sheet, income statement, and the list of changes to answer the question....

Khushboo answered on Aug 21 2021

171 Votes

Solution 1:
Calculation of value of liabilities on march 31,2019
    Dansko Integrated
Balance sheet (As of March 2019)
(amounts in thousands)
    Assets
    Amount
    Equity and liabilities
    Amount




    Cash (29,000+200)
    29,200
    Liabilities
    29,000
    Other Assets (26,000-100)
    25,900
    Equity (22,000-200+4300)
    26,100
    Total assets
    55 ,100
    Total liabilities and equity
    55,100
Solution 2:
Calculation of net cash flow:
    Particulars
    Amount in thousands of dollars


    Net income
    1,620
    Add: Depreciation
    1,100
    Working capital adjustment:

    Accounts receivable decreases
    400
    Accounts payable decreases
    (100)
    Cash outflow in purchase of property, plant and equipment
    (7800)
    Increase in long term debt
    200
    Net cash flow
    (4580)
Solution 3:
Calculation of value of liabilities and equity on march 31,2019
    Valley Technology
Balance sheet (As of March 2019)
(amounts in thousands)
    Assets
    Amount
    Equity and liabilities
    Amount




    Cash (97,000+2700)
    99,700
    Accounts payable(15,000-800)
    14,200
    Accounts receivable (45,000+100)
    45,100
    Debt (29000-1000)
    28,000
    Inventory (38,000 -500)
    37,500
    Other liabilities
     8,000
    Property, plant and equipment gross (239000+5700)
    244,700
    Total liabilities
    50,200
    Accumulated depreciation (75,000+1500)
    76,500
    Paid in capital
    73,000
    Net PPE
    168,200
    Retained earnings (236,000-200+8500)
    244,300
    Other assets
    17,000
    Total equity
    317300
    Total assets
    367,500
    Total liabilities and equity
    367,500
Solution 4:
Calculation of net income in first quarter of 2019:
    Particulars
    Amount in thousands of dollars


    Sales revenue
    9600
    Cost of goods sold(35% of 9600)
    3360
    Gross Income
    6,240
    SG&A expense
    1,920
    Other expenses
    400
    Depreciation
    700
    Interest expense
    160
    Net income before tax
    3,060
    Less: Taxes @34%
    1040
    Net income
    2,020
Solution 5:
     Accounts receivable
    Opening balance
    4,800
    Cash account
    10




    Closing balance
    4,790


     Cash Account
    Opening balance
    14,700
    Inventory
    16
    Accounts receivable
     10


    Inventory
     30


    Closing balance
    14,724


     Inventory
    Opening balance
    3,800
    Cash
    30
    Cash
     16


    Closing balance
    3,786


Solution 6:
     Accounts Payable
    Cash
    7
    Opening balance
    1,200


    Inventory
     15


    Closing balance
    1208
     Cash Account
    Opening balance
    9,000
    Accounts payable
    7
    Debt
     65


    Closing balance
    9,058


     Inventory
    Opening balance
    5,100


    Accounts payable
     15


    Closing balance
    5,115


     Debt


    Opening balance
    3,600


    Cash
     65


    Closing balance
    3,665
Solution 7:
     Cash Account
    Opening balance
    13,700










     Inventory
    Opening balance
    5,100










     Retained earnings


    Opening balance
    24,500








Solution 8:
Solution 9:
     Cash Account
    Opening balance
    9,700


    Capital
     85


    Debt
     63


    Closing balance
    9,848


     Inventory
    Opening balance
    3,800


    Accounts payable
     15


    Closing balance
    3815


     Accounts payable


    Opening balance
    1500


    Inventory
     15


    Closing balance
    1515
     Debt


    Opening balance
    2,900


    Cash
     63


    Closing balance
    2963
     Capital


    Opening balance
    7,300


    Cash
     85


    Closing balance
    7,385
    Valley Technology
Balance sheet (As of March 2019)
(amounts in thousands)
    Assets
    Amount
    Equity and liabilities
    Amount




    Cash
    9848
    Accounts payable
    1515
    Accounts receivable
    4500
    Debt
    2963
    Inventory
    3815
    Other liabilities
     800
    Property, plant and equipment gross
    16,400
    Total liabilities
    5278


    Paid in capital
    7385


    Retained earnings
    23,600
    Other assets
    1700
    Total equity
    30,985
    Total assets
    36,263
    Total liabilities and equity
    36,263
Solution 10:
     Cash Account
    Opening...

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Khushboo · Accepted Answer

Solution 1:
Calculation of value of liabilities on march 31,2019
	Dansko Integrated
Balance sheet (As of March 2019)
(amounts in thousands)
	Assets
	Amount
	Equity and liabilities
	Amount
	
	
	
	
	Cash (29,000+200)
	29,200
	Liabilities
	29,000
	Other Assets (26,000-100)
	25,900
	Equity (22,000-200+4300)
	26,100
	Total assets
	55 ,100
	Total liabilities and equity
	55,100
Solution 2:
Calculation of net cash flow:
	Particulars
	Amount in thousands of dollars
	
	
	Net income
	1,620
	Add: Depreciation
	1,100
	Working capital adjustment:
	
	Accounts receivable decreases
	400
	Accounts payable decreases
	(100)
	Cash outflow in purchase of property, plant and equipment
	(7800)
	Increase in long term debt
	200
	Net cash flow
	(4580)
Solution 3:
Calculation of value of liabilities and equity on march 31,2019
	Valley Technology
Balance sheet (As of March 2019)
(amounts in thousands)
	Assets
	Amount
	Equity and liabilities
	Amount
	
	
	
	
	Cash (97,000+2700)
	99,700
	Accounts payable(15,000-800)
	14,200
	Accounts receivable (45,000+100)
	45,100
	Debt (29000-1000)
	28,000
	Inventory (38,000 -500)
	37,500
	Other liabilities
	  8,000
	Property, plant and equipment gross (239000+5700)
	244,700
	Total liabilities
	50,200
	Accumulated depreciation (75,000+1500)
	76,500
	Paid in capital
	73,000
	Net PPE
	168,200
	Retained earnings (236,000-200+8500)
	244,300
	Other assets
	17,000
	Total equity
	317300
	Total assets
	367,500
	Total liabilities and equity
	367,500
Solution 4:
Calculation of net income in first quarter of 2019:
	Particulars
	Amount in thousands of dollars
	
	
	Sales revenue
	9600
	Cost of goods sold(35% of 9600)
	3360
	Gross Income
	6,240
	SG&A expense
	1,920
	Other expenses
	400
	Depreciation
	700
	Interest expense
	160
	Net income before tax
	3,060
	Less: Taxes @34%
	1040
	Net income
	2,020
Solution 5:
	                                                                      Accounts receivable
	Opening balance
	4,800
	Cash account
	10
	
	
	
	
	Closing balance
	4,790
	
	
	                                                                               Cash Account
	Opening balance
	14,700
	Inventory
	16
	Accounts receivable
	       10
	
	
	Inventory
	       30
	
	
	Closing balance
	14,724
	
	
	                                                                      Inventory 
	Opening balance
	3,800
	Cash
	30
	Cash 
	     16
	
	
	Closing balance 
	3,786
	
	
Solution 6:
	                                                                      Accounts Payable
	Cash 
	7
	Opening balance
	1,200
	
	
	Inventory
	    15
	
	
	Closing balance
	1208
	                                                                               Cash Account
	Opening balance
	9,000
	Accounts payable
	7
	Debt
	   65
	
	
	Closing balance
	9,058
	
	
	                                                                      Inventory 
	Opening balance
	5,100
	
	
	Accounts payable
	     15
	
	
	Closing balance
	5,115
	
	
	                                                                      Debt
	
	
	Opening balance
	3,600
	
	
	Cash
	    65
	
	
	Closing balance
	3,665
Solution 7:
	                                                                               Cash Account
	Opening balance
	13,700
	
	
	
	
	
	
	
	
	
	
	                                                                      Inventory 
	Opening balance
	5,100
	
	
	
	
	
	
	
	
	
	
	                                                                      Retained earnings
	
	
	Opening balance
	24,500
	
	
	
	
	
	
	
	
Solution 8:
Solution 9:
	                                                                               Cash Account
	Opening balance
	9,700
	
	
	Capital
	   85
	
	
	Debt
	  63
	
	
	Closing balance
	9,848
	
	
	                                                                      Inventory 
	Opening balance
	3,800
	
	
	Accounts payable 
	     15
	
	
	Closing balance
	3815
	
	
	                                                                     Accounts payable
	
	
	Opening balance
	1500
	
	
	Inventory
	    15
	
	
	Closing balance
	1515
	                                                                     Debt
	
	
	Opening balance
	2,900
	
	
	Cash
	    63
	
	
	Closing balance
	2963
	                                                                     Capital
	
	
	Opening balance
	7,300
	
	
	Cash 
	   85
	
	
	Closing balance
	7,385
	Valley Technology
Balance sheet (As of March 2019)
(amounts in thousands)
	Assets
	Amount
	Equity and liabilities
	Amount
	
	
	
	
	Cash 
	9848
	Accounts payable
	1515
	Accounts receivable 
	4500
	Debt 
	2963
	Inventory 
	3815
	Other liabilities
	  800
	Property, plant and equipment gross 
	16,400
	Total liabilities
	5278
	
	
	Paid in capital
	7385
	
	
	Retained earnings 
	23,600
	Other assets
	1700
	Total equity
	30,985
	Total assets
	36,263
	Total liabilities and equity
	36,263
Solution 10:

Use the starting balance sheet, income statement, and the list of changes to answer the question. Dansko Integrated Balance Sheet As of December 31, 2018 (amounts in thousands) Cash 29,000 Liabilities...

Answer To: Use the starting balance sheet, income statement, and the list of changes to answer the question....

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