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Cash 1,200 Accounts Receivable 9,000 Accounts Payable 3,400 Debt 5,100 Other Liabilities 17,500 Total Liabilities Inventory Property Plant & Equipment Other Assets 600 Paid-In Capital
Cash 1,200 Accounts Receivable 9,000 Accounts Payable 3,400 Debt 5,100 Other Liabilities 17,500 Total Liabilities Inventory Property Plant & Equipment Other Assets 600 Paid-In Capital Retained Earnings Total Equity 35,600 Total Liabilities & Equity 3,600 2,100 6,900 5,900 22,800 28,700 35,600 Total Assets Transfer the journal entries to T-accounts for the transactions below, compute closing amounts for the T-accounts, and construct a final balance sheet to answer the question. Journal amounts in thousands Date Account and Explanation Debit Credit Jan 4 Cash 55 Debt 55 Jan 5 14 Borrowed money from bank Inventory Accounts Payable Bought manufacturing supplies on credit Accounts Payable 14 Jan 6 7 Cash 7 Paid money owed to supplier Jan 7 Cash 12 10 Inventory Retained Earnings Sold and delivered product to customer 2 Jan 8 Cash 75 Paid-In Capital 75 Issued stock Jan 9 Property, Plant & Equipment 44 Cash 44 Paid cash for machine Jan 10 Cash 13 Accounts Receivable 13 Received customer payment What is the final amount in Total Assets
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