Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets 16,800 Total Liabilities 9,900...

 

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Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets 16,800 Total Liabilities 9,900 Accounts Payable 2,700 4,500 Debt 3,500 3,800 Other Liabilities 1,000 7,200 8,000 21,400 29,400 36,600 1,600 Paid-In Capital Retained Earnings Total Equity 36,600 Total Liabilities & Equity Use T-accounts to record the transactions below, which occur on March 12, 2023, close the T-accounts, and construct a balance sheet to answer the question. 1. Pay $4,000 owed to a supplier 2. Issue $90,000 in stock 3. Buy $16,000 worth of manufacturing supplies on credit 4. Purchase equipment for $49,000 in cash 5. Borrow $65,000 from a bank What is the final amount in Total 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). Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets 16,800 Total Liabilities 9,900 Accounts Payable 2,700 4,500 Debt 3,500 3,800 Other Liabilities 1,000 7,200 8,000 21,400 29,400 36,600 1,600 Paid-In Capital Retained Earnings Total Equity 36,600 Total Liabilities & Equity Use T-accounts to record the transactions below, which occur on March 12, 2023, close the T-accounts, and construct a balance sheet to answer the question. 1. Pay $4,000 owed to a supplier 2. Issue $90,000 in stock 3. Buy $16,000 worth of manufacturing supplies on credit 4. Purchase equipment for $49,000 in cash 5. Borrow $65,000 from a bank What is the final amount in Total 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).

Answer rating: 100% (QA)

Answer TAccounts Cash Date Description Debit Credit Balance Mar 12 Pay supplier 4000 5900 Mar 12 Buy ... View the full answer