Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets Acme Company Balance Sheet As of January 5, 2023 (amounts in thousands) 14,700 Accounts Payable 4,800 Debt 3,800 Other Liabilities 15,800 Total Liabilities 900 Paid-In Capital Retained Earnings Total Equity 40,000 Total Liabilities & Equity Update the balance sheet above to reflect the transactions below, which occur on January 6, 2023 1. Receive payment of $12,000 owed by a customer 2. Buy $15,000 worth of manufacturing supplies on credit What is the final amount in Cash? 2,400 3,700 5,000 11,100 6,000 22,900 28,900 40,000 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 Acme Company Balance Sheet As of January 5, 2023 (amounts in thousands) 14,700 Accounts Payable 4,800 Debt 3,800 Other Liabilities 15,800 Total Liabilities 900 Paid-In Capital Retained Earnings Total Equity 40,000 Total Liabilities & Equity Update the balance sheet above to reflect the transactions below, which occur on January 6, 2023 1. Receive payment of $12,000 owed by a customer 2. Buy $15,000 worth of manufacturing supplies on credit What is the final amount in Cash? 2,400 3,700 5,000 11,100 6,000 22,900 28,900 40,000 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).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Plz don't copy answer plz little different answers without plagiarism i give up vote
Transcribed Image Text:Cash
Accounts Receivable
Inventory
Property Plant & Equipment
Other Assets
Total Assets
Acme Company
Balance Sheet
As of January 5, 2023
(amounts in thousands)
14,700 Accounts Payable
4,800 Debt
3,800 Other Liabilities
15,800 Total Liabilities
900 Paid-In Capital
Retained Earnings
Total Equity
40,000 Total Liabilities & Equity
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2023
1. Receive payment of $12,000 owed by a customer
2. Buy $15,000 worth of manufacturing supplies on credit
What is the final amount in Cash?
2,400
3,700
5,000
11,100
6,000
22,900
28,900
40,000
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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