Question
Balance sheet of Light Industries is as follows Lightspeed Industries Balance Sheet As of March 11, 2020 (amounts in thousands) Cash 14,100 Accounts Payable 1,900
Balance sheet of Light Industries is as follows
Lightspeed Industries Balance Sheet As of March 11, 2020 (amounts in thousands) | |||
---|---|---|---|
Cash | 14,100 | Accounts Payable | 1,900 |
Accounts Receivable | 3,200 | Debt | 3,600 |
Inventory | 4,900 | Other Liabilities | 2,000 |
Property Plant & Equipment | 16,300 | Total Liabilities | 7,500 |
Other Assets | 500 | Paid-In Capital | 7,200 |
Retained Earnings | 24,300 | ||
Total Equity | 31,500 | ||
Total Assets | 39,000 | Total Liabilities & Equity | 39,000 |
- 1. Issue $80,000 in stock
- 2. Borrow $65,000 from a bank
3. Receive payment of $12,000 owed by a customer
4. Pay $6,000 owed to a supplier
5. Buy $17,000 worth of manufacturing supplies on credit - What is the final amount in Total Cash?
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
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