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Cash Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) 13,700 Accounts Payable 3,200 Debt 5,100 Other Liabilities 15,400 Total Liabilities Accounts

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Cash Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) 13,700 Accounts Payable 3,200 Debt 5,100 Other Liabilities 15,400 Total Liabilities Accounts Receivable 2,000 3,600 900 Inventory Property Plant & Equipment 6,500 7,200 Other Assets 800 Paid-In Capital Retained Earnings Total Equity 24,500 31,700 38,200 Total Assets 38,200 Total Liabilities & Equity Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Receive payment of $12,000 owed by a customer 2. Purchase equipment for $45,000 in cash 3. Issue $85,000 in stock 4. Borrow $67,000 from a bank 5. Buy $17,000 worth of manufacturing supplies on credit 6. Pay $7,000 owed to a supplier 7. Receive payment of $11,000 owed by a customer What is the final amount in Accounts Payable? 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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