Question
Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Ruston Company Balance Sheet As of March 11, 2022 (amounts in thousands) 9,000 Accounts
Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Ruston Company Balance Sheet As of March 11, 2022 (amounts in thousands) 9,000 Accounts Payable 1,200 3,400 Debt 3,600 5,100 Other Liabilities 2,100 17,500 Total Liabilities 6,900 600 Paid-In Capital Retained Earnings 5,900 22,800 Total Equity 28,700 35,600 Total Assets 35,600 Total Liabilities & Equity 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. Sell product for $30,000 in cash with historical cost of $24,000 2. Sell, deliver, and receive payment of $25,000 for service 3. Consume good or service and pay expense of $1,000 What is the final amount in Total Assets? 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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