Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands) Cash 13,700 Accounts Payable…

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Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands) Cash 13,700 Accounts Payable…

Acme Company

Balance Sheet

As of January 5, 2021

(amounts in thousands)

Cash

13,700

Accounts Payable

2,000

Accounts Receivable

3,200

Debt

3,600

Inventory

5,100

Other Liabilities

900

Property Plant & Equipment

15,400

Total Liabilities

6,500

Other Assets

800

Paid-In Capital

7,200

Retained Earnings

24,500

Total Equity

31,700

Total Assets

38,200

Total Liabilities & Equity

38,200

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2021

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?

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Reference no: EM132069492

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