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Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets Hopewell Corporation Balance Sheet As of March 11, 2022 (amounts in thousands)
Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets Hopewell Corporation Balance Sheet As of March 11, 2022 (amounts in thousands) 12,500 Accounts Payable 2,400 3,600 Debt 3,700 5,200 Other Liabilities 3,000 16,700 Total Liabilities 9,100 600 Paid-In Capital Retained Earnings Total Equity 5,600 23,900 29,500 38,600 Total Liabilities & Equity 38,600 Use T-accounts to record the transactions below, which occur on March 12, 2022, close the T-accounts, and construct a balance sheet to answer the question. 1. Buy $15,000 worth of manufacturing supplies on credit 2. Purchase equipment for $48,000 in cash 3. Receive payment of $13,000 owed by a customer 4. Issue $70,000 in stock 5. Borrow $65,000 from a bank 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 (.e, enter the number from your updated balance sheet).
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