Question
2019 Balance sheet for company XYZ Cash 3820 Accounts payable 13610 Receivables 9140 Long-term debt 32950 Inventory 20390 Common stock 7500 Net fixed assets 51610
2019 Balance sheet for company XYZ
| Cash | 3820 | Accounts payable | 13610 |
| Receivables | 9140 | Long-term debt | 32950 |
| Inventory | 20390 | Common stock | 7500 |
| Net fixed assets | 51610 | Retained earnings | 30900 |
| Total assets | 84960 | Total Liab. & Equity | 84960 |
If the firm XYZ purchases inventory using cash that worth $1000 , what will be the Total assets after this transaction?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Innovation And Technology
Authors: Nikos Vernardakis
1st Edition
0415676800, 978-0415676809
