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Ruston Company Balance Sheet As of January 24, 2019 (amounts in thousands) Cash 9,000 Accounts Payable 1,200 Accounts Receivable 3,400 Debt 3,600 Inventory 5,100 Other
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. Borrow $55,000 from a bank Jan 26. Buy $14,000 worth of manufacturing supplies on credit Jan 27. Pay $7,000 owed to a supplier Jan 28. Receive payment of $12,000 owed by a customer Jan 29. Issue $75,000 in stock What is the final amount in Total Assets? Please specify your answer in the same units as the balance sheet. | |||||||||||||||||||||||||||||||||||||||
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