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Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) Cash 8,400 Accounts Payable 2,800 Accounts Receivable 4,700 Debt 3,400 Inventory 4,200 Other
Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) Cash 8,400 Accounts Payable 2,800 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 6,700 Retained Earnings 23,500 Total Equity 30,200 Total Assets 37,300 Total Liabilities & Equity 37,300 Update the balance sheet above to reflect the transactions below, which occur on January 6, 2023 1. Borrow $52,000 from a bank 2. Purchase equipment for $48,000 in cash 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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