Question
Stuart Company Balance Sheet As of January 24, 2020 (amounts in thousands) Cash 8,400 Accounts Payable 2,800 Accounts Receivable 4,700 Debt 3,400 Inventory 4,200 Other
Stuart Company Balance Sheet As of January 24, 2020 (amounts in thousands) | |||
---|---|---|---|
Cash | 8,400 | Accounts Payable | 2,800 |
Accounts Receivable | 4,700 | Debt | 3,400 |
Inventory | 4,200 | Other Liabilities | 900 |
Property Plant & Equipment | 17,200 | Total Liabilities | 7,100 |
Other Assets | 2,800 | Paid-In Capital | 6,700 |
Retained Earnings | 23,500 | ||
Total Equity | 30,200 | ||
Total Assets | 37,300 | Total Liabilities & Equity | 37,300 |
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 $52,000 from a bank Jan 26. Purchase equipment for $48,000 in cash Jan 27. Issue $85,000 in stock Jan 28. Buy $15,000 worth of manufacturing supplies on credit Jan 29. Receive payment of $10,000 owed by a customer
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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