CashAccountsReceivableInventoryProperty Plant &EquipmentOther AssetsTotal AssetsAcme CompanyBalance SheetAs of January 5, 2020(amounts in thousands)14,700 Accounts Payable4,800 Debt3,800 Other Liabilities15,800 Total Liabilities900 Paid-In Capital2,4003,7005,00011,1006,000Retained Earnings22,900Total Equity28,90040,000 Total Liabilities & 40,000EquityUpdate the balance sheet above to reflect the transactionsbelow, which occur on January 6, 20201. Receive payment of $12,000 owed by a customer2. Buy $15,000 worth of manufacturing supplies on credit3. Purchase equipment for $44,000 in cash4. Issue $80,000 in stock5. Pay $4,000 owed to a supplier6. Borrow $58,000 from a bank7. Buy $15,000 worth of manufacturing supplies on creditWhat is the final amount in Accounts Payable?

Name: CashAccountsReceivableInventoryProperty Plant &EquipmentOther AssetsT
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Description: CashAccountsReceivableInventoryProperty Plant &EquipmentOther AssetsTotal AssetsAcme CompanyBalance SheetAs of January 5, 2020(amounts in thousands)14,700 Accounts Payable4,800 Debt3,800 Other Liabilities15,800 Total Liabilities900 Paid-In Capital2,

Balance sheet is a financial statement that shows list of final ending balances of assets,…

Business

Accounting

า unts eivable entory perty Plant & pment er Assets al Assets Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) 14,700 Accounts Payable 4,800 Debt 3,800 Other Liabilities 15,800 Total Liabilities 900 Paid-In Capital 2,400 3,700 5,000 11,100 6,000 Retained Earnings 22,900 Total Equity 28,900 40,000 Total Liabilities & 40,000 Equity te the balance sheet above to reflect the transactions w, which occur on January 6, 2020 ceive payment of $12,000 owed by a customer y $15,000 worth of manufacturing supplies on credit rchase equipment for $44,000 in cash sue $80,000 in stock y $4,000 owed to a supplier rrow $58,000 from a bank y $15,000 worth of manufacturing supplies on credit t is the final amount in Accounts Payable?

า unts eivable entory perty Plant & pment er Assets al Assets Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) 14,700 Accounts Payable 4,800 Debt 3,800 Other Liabilities 15,800 Total Liabilities 900 Paid-In Capital 2,400 3,700 5,000 11,100 6,000 Retained Earnings 22,900 Total Equity 28,900 40,000 Total Liabilities & 40,000 Equity te the balance sheet above to reflect the transactions w, which occur on January 6, 2020 ceive payment of $12,000 owed by a customer y $15,000 worth of manufacturing supplies on credit rchase equipment for $44,000 in cash sue $80,000 in stock y $4,000 owed to a supplier rrow $58,000 from a bank y $15,000 worth of manufacturing supplies on credit t is the final amount in Accounts Payable?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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