Question

Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands)
Cash	8,400	Accounts Payable	2,800
Accounts Receivable	4,700	Debt	3,400
Inventory	4,200	Other Liabilities	900
Property Plant & Equipment	17,200	Total Liabilities	7,100
Other Assets	2,800	Paid-In Capital	6,700
		Retained Earnings	23,500
		Total Equity	30,200
Total Assets	37,300	Total Liabilities & Equity	37,300

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2019

1. Borrow $52,000 from a bank
2. Purchase equipment for $48,000 in cash
3. Issue $85,000 in stock
4. Buy $15,000 worth of manufacturing supplies on credit
5. Receive payment of $10,000 owed by a customer
6. Pay $7,000 owed to a supplier
7. Receive payment of $11,000 owed by a customer

What is the final amount in Cash?

Please specify your answer in the same units as the balance sheet.

Answer 1

			Amount
			(in thousands)
balance on 05.01.19			8400
Additions:
Borrowings			52
issuance of stock			85
Receipts from customerr			10
Receipts from customerr			11
Sub-total			8558
Deductions:
Purchhase of Equipment			48
Payment to supplier			7
Net Cash balance on 06.01.19			8503