Balance Sheet As of January 5, 2017 (amounts in thousands) Cash12,500 Accounts Receivable3,600 Inventory5,200 Property Plant &
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Question:
Balance Sheet
As of January 5, 2017
(amounts in thousands)
Cash12,500
Accounts Receivable3,600
Inventory5,200
Property Plant & Equipment16,700
Other Assets600
Total Assets38,600
Accounts Payable2,400
Other Liabilities3,000
Debt3,700
Total Liabilities9,100
Paid-In Capital5,600
Retained Earnings23,900
Total Equity29,500
Total Liabilities & Equity38,600
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2017
1. Buy $15,000 worth of manufacturing supplies on credit
2. Purchase equipment for $48,000 in cash
3. Receive payment of $13,000 owed by a customer
4. Issue $70,000 in stock
What is the final amount in Accounts Receivable?
Please help me with the above question
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