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Ruston Company Balance Sheet As of March 11, 2020 (amounts in thousands) Cash 9,000 Accounts Payable 1,200 Accounts Receivable 3,400 Debt 3,600 5,100 Other Liabilities
Ruston Company Balance Sheet As of March 11, 2020 (amounts in thousands) Cash 9,000 Accounts Payable 1,200 Accounts Receivable 3,400 Debt 3,600 5,100 Other Liabilities Inventory Property Plant & Equipment 17,500 Total Liabilities Other Assets 600 Paid-In Capital Retained Earnings Total Equity 35,600 Total Liabilities & Equity 2,100 6,900 5,900 22,800 28,700 35,600 Total Assets Use T-accounts to record the transactions below, which occur on March 12, 2020, 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? 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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