Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands) Cash 8,400 Accounts Payable 2,800
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Acme Company Balance Sheet As of January 5, 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 |
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2019
1. Borrow $52,000 from a bank
2. Purchase equipment for $48,000 in cash
3. Issue $85,000 in stock
4. Buy $15,000 worth of manufacturing supplies on credit
5. Receive payment of $10,000 owed by a customer
6. Pay $7,000 owed to a supplier
7. Receive payment of $11,000 owed by a customer
What is the final amount in Cash?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1119371403
4th edition
Authors: Robert Parrino, David S. Kidwell, Thomas Bates
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