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Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands)
Cash	14,300	Accounts Payable	1,900
Accounts Receivable	4,100	Debt	3,200
Inventory	5,800	Other Liabilities	4,000
Property Plant & Equipment	14,800	Total Liabilities	9,100
Other Assets	700	Paid-In Capital	7,700
		Retained Earnings	22,900
		Total Equity	30,600
Total Assets	39,700	Total Liabilities & Equity	39,700

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020

1. Purchase equipment for $50,000 in cash
2. Borrow $67,000 from a bank
3. Issue $80,000 in stock
4. Buy $16,000 worth of manufacturing supplies on credit
5. Pay $7,000 owed to a supplier
6. Receive payment of $10,000 owed by a customer
7. Purchase equipment for $48,000 in cash

What is the final amount in Inventory?

Answer 1

Acme company Balance sheet As of January 6 . 2020 Camounts in thousands) 1909 Accounts payable cash 14352 best 3267 Accounts Receivable 4090 4000 Ofhor liasilines Inventory 5816 to falliasilities 9176 pand-in-capital 7780 14898 Property plant ce equipment Retorned earnings 22900 other assets 700 39856 39856 Working notes ① purchase of equipment &50 or So ooo - Equipment increase sy 50000 cash decrease by &50 000 2 Bororrow $67000 from Bank - increase clest by $67000 ( increase cashby $67000 insane - Increase puicl in capital by $80000 issue $80000 Increase cash by 4 Buy $16000 worth is manufaturing supplies on credit nereived payment of $10000 owed by customer $80 Ovo incroue in inventory Accounts payable Increool in ani