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Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Hopewell Corporation Balance Sheet As of January 24, 2020 (amounts in thousands) 12,500 Accounts Payable

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Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Hopewell Corporation Balance Sheet As of January 24, 2020 (amounts in thousands) 12,500 Accounts Payable 3,600 Debt 5,200 Other Liabilities 16,700 Total Liabilities 600 Paid-In Capital Retained Earnings Total Equity 38,600 Total Liabilities & Equity 2,400 3,700 3,000 9,100 5,600 23,900 29,500 38,600 Total Assets Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the T- accounts, and construct a balance sheet to answer the question. Jan 25. Buy $15,000 worth of manufacturing supplies on credit Jan 26. Purchase equipment for $48,000 in cash Jan 27. Receive payment of $13,000 owed by a customer What is the final amount in Total Liabilities? 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). Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Hopewell Corporation Balance Sheet As of January 24, 2020 (amounts in thousands) 12,500 Accounts Payable 3,600 Debt 5,200 Other Liabilities 16,700 Total Liabilities 600 Paid-In Capital Retained Earnings Total Equity 38,600 Total Liabilities & Equity 2,400 3,700 3,000 9,100 5,600 23,900 29,500 38,600 Total Assets Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the T- accounts, and construct a balance sheet to answer the question. Jan 25. Buy $15,000 worth of manufacturing supplies on credit Jan 26. Purchase equipment for $48,000 in cash Jan 27. Receive payment of $13,000 owed by a customer What is the final amount in Total Liabilities? 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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