Please help me with the following questions with some explanation.

Q-1

Use T-accounts to record the starting balances and the offsetting entries for the transactions.

The starting balance of Accounts Payable is $2,400

The starting balance of Cash is $14,700

The starting balance of Debt is $3,700

The starting balance of Inventory is $3,800

1. Buy $16 worth of manufacturing supplies on credit

2. Borrow $62 from a bank

3. Pay $5 owed to a supplier

What is the final amount in Debt?

Q-2

Consider the following account starting balances and transactions involving these accounts.

Use T-accounts to record the starting balances and the offsetting entries for the transactions.

The starting balance of Cash is $9,100

The starting balance of Inventory is $4,800

The starting balance of Retained Earnings is $24,700

1. Sell product for $30 in cash with historical cost of $24

2. Sell, deliver, and receive payment of $40 for service

3. Consume good or service and pay expense of $2

What is the final amount in Retained Earnings?

Q-3

Use T-accounts to record the starting balances and the offsetting entries for the transactions.

The starting balance of Accounts Payable is $2,400

The starting balance of Cash is $14,700

The starting balance of Debt is $3,700

The starting balance of Inventory is $3,800

1. Buy $16 worth of manufacturing supplies on credit

2. Borrow $62 from a bank

3. Pay $5 owed to a supplier

What is the final amount in Debt?

Q-4

Lightspeed Industries

Balance Sheet

As of March 11, 2017

(amounts in thousands)

Cash14,100 Accounts Payable1,900

Accounts Receivable3,200 Debt3,600

Inventory4,900 Other Liabilities2,000

Property Plant & Equipment16,300 Total Liabilities7,500

Other Assets500 Paid-In Capital7,200

Retained Earnings24,300

Total Equity31,500

Total Assets39,000 Total Liabilities & Equity39,000

Use T-accounts to record the transactions below, which occur on March 12, 2017, close the T-accounts, and construct a balance sheet to answer the question.

1. Sell, deliver, and receive payment of $20,000 for service

2. Consume good or service and pay expense of $3,000

3. Sell product for $25,000 in cash with historical cost of $20,000

What is the final amount in Total Assets?

Please specify your answer in the same units as the balance sheet.

Q-5

As of March 11, 2017

(amounts in thousands)

Cash9,000 Accounts Payable1,200

Accounts Receivable3,400 Debt3,600

Inventory5,100 Other Liabilities2,100

Property Plant & Equipment17,500 Total Liabilities6,900

Other Assets600 Paid-In Capital5,900

Retained Earnings22,800

Total Equity28,700

Total Assets35,600 Total Liabilities & Equity35,600

Use T-accounts to record the transactions below, which occur on March 12, 2017, close the T-accounts, and construct a balance sheet to answer the question.

1. Borrow $55,000 from a bank

2. Buy $14,000 worth of manufacturing supplies on credit

3. Pay $7,000 owed to a supplier

What is the final amount in Total Assets?

Please specify your answer in the same units as the balance sheet.