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Accounting: Journal 7 What is the final amount in Total Assets? Hopewell Corporation Balance Sheet AS Of January 24, 2018 ( amounts in thousands )

Accounting: Journal 7

What is the final amount in Total Assets?

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Hopewell Corporation Balance Sheet AS Of January 24, 2018 ( amounts in thousands ) Cash 12, 500| Accounts Payable* 2, 400 Accounts Receivable* 3, 600| Debt 3, 700 Inventory* 5, 200| Other Liabilities 3, 000 Property Plant & Equipment* 16, 700| Total Liabilities 9, 100 Other Assets 500| Paid - In Capital 5, 600 Retained Earnings 23, 900 Total Equity* 29, 500 Total Assets 3.8, 600| Total Liabilities & Equity 3.8, 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 . Consume good or service and pay expense of $ 3 , 000 Jan 26. Sell product for $ 20 , 000 in cash with historical cost of $ 16 , 000 Jan 27 . Sell , deliver , and receive payment of $35 , 000 for service What is the final amount in Total Assets ?) Please specify your answer in the same units as the balance sheet

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