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2,800 3,400 Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) Cash 8,400 Accounts Payable Accounts Receivable 4,700 Debt Inventory 4,200 Other
2,800 3,400 Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) Cash 8,400 Accounts Payable Accounts Receivable 4,700 Debt Inventory 4,200 Other Liabilities Property Plant & Equipment 17,200 Total Liabilities Other Assets 2,800 Paid-In Capital Retained Earnings Total Equity Total Assets 37,300 Total Liabilities & Equity 900 7,100 6,700 23,500 30,200 37,300 Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Borrow $52,000 from a bank 2. Purchase equipment for $48,000 in cash 3. Issue $85,000 in stock 4. Buy $15,000 worth of manufacturing supplies on credit What is the final amount in Cash? Note: Transaction amounts are provided in dollars but the balance sheet units are thousands of dollars
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