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Acme Company Balance Sheet As of January 5, 2021 (amounts in thousands) Cash 14,300 Accounts Payable 1,900 Accounts Receivable 4,100 Debt 3,200 Inventory 5,800 Other
Acme Company Balance Sheet As of January 5, 2021 (amounts in thousands) | |||
---|---|---|---|
Cash | 14,300 | Accounts Payable | 1,900 |
Accounts Receivable | 4,100 | Debt | 3,200 |
Inventory | 5,800 | Other Liabilities | 4,000 |
Property Plant & Equipment | 14,800 | Total Liabilities | 9,100 |
Other Assets | 700 | Paid-In Capital | 7,700 |
Retained Earnings | 22,900 | ||
Total Equity | 30,600 | ||
Total Assets | 39,700 | Total Liabilities & Equity | 39,700 |
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2021
1. Purchase equipment for $50,000 in cash 2. Borrow $67,000 from a bank 3. Issue $80,000 in stock 4. Buy $16,000 worth of manufacturing supplies on credit
What is the final amount in Inventory?
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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