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Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Buy $15,000 worth of manufacturing supplies on credit
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Buy $15,000 worth of manufacturing supplies on credit 2. Purchase equipment for $48,000 in cash 3. Receive payment of $13,000 owed by a customer 4. Issue $70,000 in stock 5. Borrow $65,000 from a bank 6. Pay $5,000 owed to a supplier 7. Purchase equipment for $42,000 in cash What is the final amount in Accounts Receivable?
Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) 12,500 Accounts Payable Cash 2,400 Accounts Receivable 3,600 Debt Inventory Property Plant & Equipment Other Assets 5,200 Other Liabilities 16,700 Total Liabilities 3,700 3,000 9,100 5,600 600 Paid-In Capital Retained Earnings Total Equity 23,900 29,500 38,600 Total Assets 38,600 Total Liabilities & Equity Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Buy $15,000 worth of manufacturing supplies on credit 2. Purchase equipment for $48,000 in cash 3. Receive payment of $13,000 owed by a customer 4. Issue $70,000 in stock 5. Borrow $65,000 from a bank 6. Pay $5,000 owed to a supplier 7. Purchase equipment for $42,000 in cash What is the final amount in Accounts ReceivableStep by Step Solution
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