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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)
Cash14,100Accounts Payable1,900
Accounts Receivable3,200Debt3,600
Inventory4,900Other Liabilities2,000
Property Plant & Equipment16,300Total Liabilities7,500
Other Assets500Paid-In Capital7,200
Retained Earnings24,300
Total Equity31,500
Total Assets39,000Total Liabilities & Equity39,000


  1. 1. Issue $80,000 in stock
  2. 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

  3. What is the final amount in Total Cash?

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