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    Harvard university
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Category > Accounting Posted 20 Jun 2017 My Price 7.00

Balance Sheet

Balance Sheet

As of January 5, 2017

(amounts in thousands)

Cash12,500

Accounts Receivable3,600

Inventory5,200

Property Plant & Equipment16,700

Other Assets600

Total Assets38,600

Accounts Payable2,400

Other Liabilities3,000

Debt3,700

Total Liabilities9,100

 

Paid-In Capital5,600

Retained Earnings23,900

Total Equity29,500

 

Total Liabilities & Equity38,600

 

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2017

1. Buy $15,000 worth of manufacturing supplies on credit

2. Purchase equipment for $48,000 in cash

3. Receive payment of $13,000 owed by a customer

4. Issue $70,000 in stock

What is the final amount in Accounts Receivable?

Please help me with the above question

Answers

SuperTutor
(15)
Status NEW Posted 20 Jun 2017 05:06 AM My Price 7.00

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