Question
Six accounting questions, all answers have to be correct or replacement questions will have to be answered. Balance sheet questions. Acme Company balance sheet as
Six accounting questions, all answers have to be correct or replacement questions will have to be answered. Balance sheet questions.
- Acme Company balance sheet as of January 5, 2017
Cash-12,500-----------------------Accounts Payable-2,400
Accounts Receivable-3,600---------------Debt-3,700
Inventory-5,200-----------------------Other Liabilities-3,000
Property Plant&Equipment-16,700-----Total Liabilities-9,100
Other Assets-600----------------------Paid In-Capital-5,600
-----------------------------------------------Retained Earnings-23,900
-----------------------------------------------Total Equity-29,500
Total Assets-38,600---------------Total Liabilities&Equity-38,600
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2017
A.Buy $15,000 worth of manufacturing supplies on credit
B.Purchase equipment for $48,000 in cash
What is the final amount in Cash?
Please specify your answer in the same units as the balance sheet.
Questions 2-6 will be uploaded with pictures of the questions.
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