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Acme Company Balance Sheet As of January 5, 2023 (amounts in thousands) Cash12,500Accounts Payable2,400Accounts Receivable3,600Debt3,700Inventory5,200Other Liabilities3,000Property Plant & Equipment16,700 Total Liabilities 9,100 Other Assets600Paid-In Capital5,600
Acme Company Balance Sheet As of January 5, 2023 (amounts in thousands)Cash12,500Accounts Payable2,400Accounts Receivable3,600Debt3,700Inventory5,200Other Liabilities3,000Property Plant & Equipment16,700Total Liabilities9,100Other Assets600Paid-In Capital5,600 Retained Earnings23,900 Total Equity29,500Total Assets38,600Total Liabilities & Equity38,600
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2023
1. Buy $15,000 worth of manufacturing supplies on credit 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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