Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets Balance Sheet As of January 5, 2023 (amounts in thousands) 9,100 Accounts Payable 4,400 Debt 4,800 Other Liabilities 15,600 Total Liabilities 2,600 Paid-In Capital Retained Earnings Total Equity 36,500 Total Liabilities & Equity 1,900 2,400 600 4,900 6,900 24,700 31,600 36,500 Update the balance sheet above to reflect the transactions below, which occur on January 6, 2023 1. Purchase equipment for $43,000 in cash 2. Receive payment of $11,000 owed by a customer 3. Buy $14,000 worth of manufacturing supplies on credit 4. Issue $70,000 in stock What is the final amount in Inventory? 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 Balance Sheet As of January 5, 2023 (amounts in thousands) 9,100 Accounts Payable 4,400 Debt 4,800 Other Liabilities 15,600 Total Liabilities 2,600 Paid-In Capital Retained Earnings Total Equity 36,500 Total Liabilities & Equity 1,900 2,400 600 4,900 6,900 24,700 31,600 36,500 Update the balance sheet above to reflect the transactions below, which occur on January 6, 2023 1. Purchase equipment for $43,000 in cash 2. Receive payment of $11,000 owed by a customer 3. Buy $14,000 worth of manufacturing supplies on credit 4. Issue $70,000 in stock What is the final amount in Inventory? 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
Related questions
Question
am. 157.
Transcribed Image Text:Cash
Accounts Receivable
Inventory
Property Plant & Equipment
Other Assets
Total Assets
Balance Sheet
As of January 5, 2023
(amounts in thousands)
9,100 Accounts Payable
4,400 Debt
4,800 Other Liabilities
15,600 Total Liabilities
2,600 Paid-In Capital
Retained Earnings
Total Equity
36,500 Total Liabilities & Equity
1,900
2,400
600
4,900
6,900
24,700
31,600
36,500
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2023
1. Purchase equipment for $43,000 in cash
2. Receive payment of $11,000 owed by a customer
3. Buy $14,000 worth of manufacturing supplies on credit
4. Issue $70,000 in stock
What is the final amount in Inventory?
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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