Balance sheet of Light Industries is as follows

Lightspeed Industries Balance Sheet As of March 11, 2020 (amounts in thousands)
Cash	14,100	Accounts Payable	1,900
Accounts Receivable	3,200	Debt	3,600
Inventory	4,900	Other Liabilities	2,000
Property Plant & Equipment	16,300	Total Liabilities	7,500
Other Assets	500	Paid-In Capital	7,200
		Retained Earnings	24,300
		Total Equity	31,500
Total Assets	39,000	Total Liabilities & Equity	39,000

1. 1. Issue $80,000 in stock
2. 2. Borrow $65,000 from a bank
   3. Receive payment of $12,000 owed by a customer
   4. Pay $6,000 owed to a supplier
   5. Buy $17,000 worth of manufacturing supplies on credit
3. 
   
4. What is the final amount in Total Cash?

Answer rating: 100% (QA)

Initial Total Cash 14100 Issue 80000 in stock Cash increases by 80000 PaidIn Capital Equity increase... View the full answer