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Acme Company Balance Sheet As of January 5, 2018 (amounts in thousands) Cash 9,700 Accounts Payable 1,500 Accounts Receivable 4,500 Debt 2,900 Inventory 3,800 Other
Acme Company Balance Sheet As of January 5, 2018 (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 |
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2018
1. Buy $15,000 worth of manufacturing supplies on credit 2. Issue $85,000 in stock
What is the final amount in Cash?
Please specify your answer in the same units as the balance sheet.
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