Business, 31.08.2021 03:30 tyrielle8729

Acme Company Balance Sheet
As of January 5, 2020
(amounts in thousands)
Cash 14,300 Accounts Payable 1,900
Accounts Receivable 4,100 Debt 3,200
Inventory 5,800 Other Liabilities 4,000
Property Plant & Equipment 14,800 Total Liabilities 9,100
Other Assets 700 Paid-In Capital 7,700
Retained Earnings 22,900
Total Equity 30,600
Total Assets 39,700 Total Liabilities & Equity 39,700
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020
1. Purchase equipment for $50,000 in cash
2. Borrow $67,000 from a bank
3. Issue $80,000 in stock
4. Buy $16,000 worth of manufacturing supplies on credit
What is the final amount in Inventory?
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).

Answers: 1

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Acme Company Balance Sheet
As of January 5, 2020
(amounts in thousands)
Cash 14,...

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