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Lightspeed Industries Balance Sheet As of January 24, 2020 (amounts in thousands) 14,100 Accounts Payable 3,200 Debt Cash 1,900 3,600 Accounts Receivable 2,000 Inventory Property

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Lightspeed Industries Balance Sheet As of January 24, 2020 (amounts in thousands) 14,100 Accounts Payable 3,200 Debt Cash 1,900 3,600 Accounts Receivable 2,000 Inventory Property Plant & Equipment 7,500 Other Assets 7,200 4,900 Other Liabilities 16,300 Total Liabilities 500 Paid-In Capital Retained Earnings Total Equity 39,000 Total Liabilities & Equity 24,300 Total Assets 31,500 39,000 Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the T-accounts, and construct a balance sheet to answer the question. Jan 25. Issue $80,000 in stock Jan 26. Borrow $65,000 from a bank Jan 27. Receive payment of $12,000 owed by a customer Jan 28. Pay $6,000 owed to a supplier Jan 29. Buy $17,000 worth of manufacturing supplies on credit 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). Open Glossary in separate tab

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