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Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) 14,100 Accounts Payable
Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) 14,100 Accounts Payable 3,200 Debt 4,900 Other Liabilities 16,300 Total Liabilities 500 Paid-In Capital Retained Earnings Total Equity 39,000 Total Liabilities & Equity 1,900 3,600 2,000 7,500 7,200 24,300 31,500 39,000 Total Assets Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Issue $80,000 in stock 2. Borrow $65,000 from a bank 3. Receive payment of $12,000 owed by a customer 4. Pay $6,000 owed to a supplier 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). Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Acme Company Balance Sheet As of January 5, 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 Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 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 6. Pay $5,000 owed to a supplier 7. Purchase equipment for $42,000 in cash
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