Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets Valley Technology Balance Sheet...

 

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Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets Valley Technology Balance Sheet As of March 11, 2022 (amounts in thousands) 9,700 Accounts Payable 4,500 Debt 3,800 Other Liabilities 16,400 Total Liabilities 1,700 Paid-In Capital Retained Earnings Total Equity 36,100 Total Liabilities & Equity Use T-accounts to record the transactions below, which occur on March 12, 2022, close the T-accounts, and construct a balance sheet to answer the question. 1. Buy $15,000 worth of manufacturing supplies on credit 2. Issue $85,000 in stock 3. Borrow $63,000 from a bank 4. Pay $5,000 owed to a supplier 5. Receive payment of $12,000 owed by a customer What is the final amount in Total Liabilities? 1,500 2,900 800 5,200 7,300 23,600 30,900 36,100 Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets Valley Technology Balance Sheet As of March 11, 2022 (amounts in thousands) 9,700 Accounts Payable 4,500 Debt 3,800 Other Liabilities 16,400 Total Liabilities 1,700 Paid-In Capital Retained Earnings Total Equity 36,100 Total Liabilities & Equity Use T-accounts to record the transactions below, which occur on March 12, 2022, close the T-accounts, and construct a balance sheet to answer the question. 1. Buy $15,000 worth of manufacturing supplies on credit 2. Issue $85,000 in stock 3. Borrow $63,000 from a bank 4. Pay $5,000 owed to a supplier 5. Receive payment of $12,000 owed by a customer What is the final amount in Total Liabilities? 1,500 2,900 800 5,200 7,300 23,600 30,900 36,100