Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets Acme Company Balance Sheet As of January 5, 2023 (amounts in thousands) 13,700 Accounts Payable 3,200 Debt 5,100 Other Liabilities 15,400 Total Liabilities 800 Paid-In Capital Retained Earnings Total Equity 38,200 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. Purchase equipment for $45,000 in cash 3. Issue $85,000 in stock 4. Borrow $67,000 from a bank 5. Buy $17,000 worth of manufacturing supplies on credit 6. Pay $7,000 owed to a supplier 7. Receive payment of $11,000 owed by a customer What is the final amount in Accounts Payable? 2,000 3,600 900 6,500 7,200 24,500 31,700 38,200
Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets Acme Company Balance Sheet As of January 5, 2023 (amounts in thousands) 13,700 Accounts Payable 3,200 Debt 5,100 Other Liabilities 15,400 Total Liabilities 800 Paid-In Capital Retained Earnings Total Equity 38,200 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. Purchase equipment for $45,000 in cash 3. Issue $85,000 in stock 4. Borrow $67,000 from a bank 5. Buy $17,000 worth of manufacturing supplies on credit 6. Pay $7,000 owed to a supplier 7. Receive payment of $11,000 owed by a customer What is the final amount in Accounts Payable? 2,000 3,600 900 6,500 7,200 24,500 31,700 38,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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)
13,700 Accounts Payable
3,200 Debt
5,100 Other Liabilities
15,400 Total Liabilities
800 Paid-In Capital
Retained Earnings
Total Equity
38,200 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. Purchase equipment for $45,000 in cash
3. Issue $85,000 in stock
4. Borrow $67,000 from a bank
5. Buy $17,000 worth of manufacturing supplies on credit
6. Pay $7,000 owed to a supplier
7. Receive payment of $11,000 owed by a customer
What is the final amount in Accounts Payable?
2,000
3,600
900
6,500
7,200
24,500
31,700
38,200
A
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