Update the balance sheet above to reflect the transactions below, which occur on January 6, 2019

1. Issue $80,000 in stock
2. Purchase equipment for $45,000 in cash

What is the final amount in Cash?

Please specify your answer in the same units as the balance sheet.

Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands)
Cash	9,100	Accounts Payable	1,900
Accounts Receivable	4,400	Debt	2,400
Inventory	4,800	Other Liabilities	600
Property Plant & Equipment	15,600	Total Liabilities	4,900
Other Assets	2,600	Paid-In Capital	6,900
		Retained Earnings	24,700
		Total Equity	31,600
Total Assets	36,500	Total Liabilities & Equity	36,500

Answer rating: 100% (QA)

Answer Cash 9100 80 45 Balance sheet Acme company Balance sheet As of Jan 06 2020 Amount... View the full answer