Acme Company
Balance Sheet
As of January 5, 2019
(amounts in thousands) |
|---|
| Cash | 9,000 | Accounts Payable | 1,200 |
| Accounts Receivable | 3,400 | Debt | 3,600 |
| Inventory | 5,100 | Other Liabilities | 2,100 |
| Property Plant & Equipment | 17,500 | Total Liabilities | 6,900 |
| Other Assets | 600 | Paid-In Capital | 5,900 |
| | Retained Earnings | 22,800 |
| | Total Equity | 28,700 |
| Total Assets | 35,600 | Total Liabilities & Equity | 35,600 |
Update the balance sheet above to reflect the transactionsbelow, which occur on January 6, 2019
1. Borrow $55,000 from a bank
2. Buy $14,000 worth of manufacturing supplies on credit
3. Pay $7,000 owed to a supplier
4. Receive payment of $12,000 owed by a customer
What is the final amount in Cash?
