Accounting: Journal 6

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 $52,000 from a bank

Jan 26. Purchase equipment for $48,000 in cash

Jan 27. Issue $85,000 in stock

Jan 28. Buy $15,000 worth of manufacturing supplies on credit

Jan 29. Receive payment of $10,000 owed by a customer

What is the final amount in Total Assets?

Stuart Company Balance Sheet AS of January 24 , 2018 ( amounts in thousands) Cash 8, 400| Accounts Payable* 2, 8:00 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 5, 700 Retained Earnings 23, 500 Total Equity* 30, 200 Total Assets 37 , 300| Total Liabilities & Equity 37, 300 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 $52, 000 from a bank Jan 26 . Purchase equipment for $ 48 , 000 in cash Jan 27 . Issue $85 , 000 in stock* Jan 28 . Buy $ 15 , 000 worth of manufacturing supplies on credit* Jan 29 . Receive payment of $ 10,000 owed by a customer What is the final amount in Total Assets ?) Please specify your answer in the same units as the balance sheet