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Use T - accounts to record the transactions below, which occur on March 1 2 , 2 0 2 4 , close the T -

Use T-accounts to record the transactions below, which occur on March 12,2024, close the T-accounts, and
construct a balance sheet to answer the question.
Consume good or service and pay expense of $2,000
Sell product for $40,000 in cash with historical cost of $32,000
Sell, deliver, and receive payment of $25,000 for service
What is the final amount in Total Liabilities & Equity?
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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