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Cash 2,800 Acme Company Balance Sheet As of January 5, 2021 (amounts in thousands) 8,400 Accounts Payable 4,700 Debt 4,200 Other Liabilities 17,200 Total Liabilities
Cash 2,800 Acme Company Balance Sheet As of January 5, 2021 (amounts in thousands) 8,400 Accounts Payable 4,700 Debt 4,200 Other Liabilities 17,200 Total Liabilities 2,800 Paid-In Capital Accounts Receivable 3,400 Inventory 900 Property Plant & Equipment 7,100 Other Assets Retained Earnings Total Equity 6,700 23,500 30,200 37,300 Total Assets 37,300 Total Liabilities & Equity Update the balance sheet above to reflect the transactions below, which occur on January 6, 2021 1. Borrow $52,000 from a bank 2. Purchase equipment for $48,000 in cash 3. Issue $85,000 in stock 4. Buy $15,000 worth of manufacturing supplies on credit What is the final amount in Cash? Note: Transaction amounts are provided in dollars but the balance sheet units are thousands of dollars. Please specify your answer in the same units as the balance sheet (i.e., enter the number from your updated balance sheet)
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