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Stuart Company Balance Sheet As of January 3, 2019 (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 3, 2019 (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 |
Transfer the journal entries to T-accounts for the transactions below, compute closing amounts for the T-accounts, and construct a final balance sheet to answer the question.
Journal amounts in thousands
Date | Account and Explanation | Debit | Credit |
---|---|---|---|
Jan 4 | Cash | 52 | |
Debt | 52 | ||
Borrowed money from bank | |||
Jan 5 | Property, Plant & Equipment | 48 | |
Cash | 48 | ||
Paid cash for machine | |||
Jan 6 | Cash | 85 | |
Paid-In Capital | 85 | ||
Issued stock | |||
Jan 7 | Inventory | 15 | |
Accounts Payable | 15 | ||
Bought manufacturing supplies on credit | |||
Jan 8 | Cash | 10 | |
Inventory | 8 | ||
Retained Earnings | 2 | ||
Sold and delivered product to customer | |||
Jan 9 | Accounts Payable | 7 | |
Cash | 7 | ||
Paid money owed to supplier | |||
Jan 10 | Cash | 11 | |
Accounts Receivable | 11 | ||
Received customer payment |
What is the final amount in Total Assets?
Please specify your answer in the same units as the balance sheet.
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