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Cash Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) 9,100 Accounts Payable 4,400 Debt 4,800 Other Liabilities 15,600 Total Liabilities 1,900
Cash Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) 9,100 Accounts Payable 4,400 Debt 4,800 Other Liabilities 15,600 Total Liabilities 1,900 2,400 Accounts Receivable 600 Inventory Property Plant & Equipment Other Assets 2,600 Paid-In Capital Retained Earnings Total Equity 36,500 Total Liabilities & Equity 4,900 6,900 24,700 31,600 36,500 Total Assets Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Purchase equipment for $43,000 in cash 2. Receive payment of $11,000 owed by a customer 3. Buy $14,000 worth of manufacturing supplies on credit 4. Issue $70,000 in stock 5. Pay $8,000 owed to a supplier 6. Borrow $55,000 from a bank 7. Buy $17,000 worth of manufacturing supplies on credit What is the final amount in Inventory
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