Question: Please answer all five questions or I will give you a thumbs down. 2nd time reposting this... 1. Acme Company Balance Sheet As of January

Please answer all five questions or I will give you a thumbs down. 2nd time reposting this...

1.

Acme Company Balance Sheet As of January 5, 2022 (amounts in thousands)
Cash 14,700 Accounts Payable 1,000
Accounts Receivable 4,100 Debt 2,500
Inventory 2,200 Other Liabilities 900
Property Plant & Equipment 13,000 Total Liabilities 4,400
Other Assets 1,600 Paid-In Capital 7,400
Retained Earnings 23,800
Total Equity 31,200
Total Assets 35,600 Total Liabilities & Equity 35,600

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2022

1. Pay $7,000 owed to a supplier 2. Buy $18,000 worth of manufacturing supplies on credit

What is the final amount in Cash?

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).

2.

Acme Company Balance Sheet As of January 5, 2022 (amounts in thousands)
Cash 11,900 Accounts Payable 1,200
Accounts Receivable 4,200 Debt 3,600
Inventory 3,200 Other Liabilities 3,900
Property Plant & Equipment 16,600 Total Liabilities 8,700
Other Assets 1,400 Paid-In Capital 5,700
Retained Earnings 22,900
Total Equity 28,600
Total Assets 37,300 Total Liabilities & Equity 37,300

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2022

1. Purchase equipment for $47,000 in cash 2. Issue $85,000 in stock 3. Pay $5,000 owed to a supplier 4. Receive payment of $13,000 owed by a customer

What is the final amount in Accounts Payable?

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).

3.

Acme Company Balance Sheet As of January 5, 2022 (amounts in thousands)
Cash 14,500 Accounts Payable 2,700
Accounts Receivable 4,500 Debt 3,000
Inventory 2,900 Other Liabilities 1,300
Property Plant & Equipment 14,300 Total Liabilities 7,000
Other Assets 1,600 Paid-In Capital 5,800
Retained Earnings 25,000
Total Equity 30,800
Total Assets 37,800 Total Liabilities & Equity 37,800

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2022

1. Borrow $62,000 from a bank 2. Pay $7,000 owed to a supplier 3. Issue $70,000 in stock 4. Purchase equipment for $48,000 in cash 5. Receive payment of $11,000 owed by a customer 6. Buy $15,000 worth of manufacturing supplies on credit 7. Buy $17,000 worth of manufacturing supplies on credit

What is the final amount in Accounts Payable?

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).

4.

Acme Company Balance Sheet As of January 5, 2022 (amounts in thousands)
Cash 12,000 Accounts Payable 2,000
Accounts Receivable 4,200 Debt 2,400
Inventory 2,500 Other Liabilities 1,500
Property Plant & Equipment 13,100 Total Liabilities 5,900
Other Assets 3,900 Paid-In Capital 7,700
Retained Earnings 22,100
Total Equity 29,800
Total Assets 35,700 Total Liabilities & Equity 35,700

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2022

1. Sell product for $20,000 with historical cost of $16,000

What is the final amount in Retained Earnings?

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).

5.

Acme Company Balance Sheet As of January 5, 2022 (amounts in thousands)
Cash 10,300 Accounts Payable 2,100
Accounts Receivable 3,000 Debt 3,100
Inventory 2,800 Other Liabilities 2,900
Property Plant & Equipment 17,800 Total Liabilities 8,100
Other Assets 1,500 Paid-In Capital 5,100
Retained Earnings 22,200
Total Equity 27,300
Total Assets 35,400 Total Liabilities & Equity 35,400

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2022

1. Sell product for $40,000 with historical cost of $32,000 2. Sell product for $20,000 with historical cost of $16,000 3. Sell product for $25,000 with historical cost of $20,000

What is the final amount in Retained Earnings?

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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