Question
Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) Cash 14,700 Accounts Payable 2,400 Accounts Receivable 4,800 Debt 3,700 Inventory 3,800 Other
Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) Cash 14,700 Accounts Payable 2,400 Accounts Receivable 4,800 Debt 3,700 Inventory 3,800 Other Liabilities 5,000 Property Plant & Equipment 15,800 Total Liabilities 11,100 Other Assets 900 Paid-In Capital 6,000 Retained Earnings 22,900 Total Equity 28,900 Total Assets 40,000 Total Liabilities & Equity 40,000 Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020
1. Receive payment of $12,000 owed by a customer
2. Buy $15,000 worth of manufacturing supplies on credit
3. Purchase equipment for $44,000 in cash
4. Issue $80,000 in stock
What is the final amount in Accounts Payable?
Note: Transaction amounts are provided in dollars but the balance sheet units are thousands of dollars. Please specify your answer in the same units as the balance sheet (i.e., enter the number from your updated balance sheet).
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