Question
In: Accounting
Stuart Company Balance Sheet As of January 24, 2019 (amounts in thousands) Cash 8,400 Accounts Payable...
| Stuart Company Balance Sheet As of January 24, 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 |
Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the T-accounts, and construct a balance sheet to answer the question.
Jan 25. Borrow $52,000 from a bank
Jan 26. Purchase equipment for $48,000 in cash
Jan 27. Issue $85,000 in stock
What is the final amount in Total Assets?
Solutions
ekkarill92 answered 1 week agoRelated Solutions
Stuart Company Balance Sheet As of January 24, 2020 (amounts in thousands) Cash 8,400 Accounts Payable...
Stuart Company
Balance Sheet
As of January 24, 2020
(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
Record the transactions in a journal, transfer the journal
entries to T-accounts, compute closing amounts for the T-accounts,
and construct a balance sheet to answer...
Stuart Company Balance Sheet As of January 24, 2020 (amounts in thousands) Cash 8,400 Accounts Payable...
Stuart Company
Balance Sheet
As of January 24, 2020
(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
Record the transactions in a journal, transfer the journal
entries to T-accounts, compute closing amounts for the T-accounts,
and construct a balance sheet to answer...
Stuart Company Balance Sheet As of January 24, 2020 (amounts in thousands) Cash 8,400 Accounts Payable...
Stuart Company
Balance Sheet
As of January 24, 2020
(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
Record the transactions in a journal, transfer the journal
entries to T-accounts, compute closing amounts for the T-accounts,
and construct a balance sheet to answer...
Stuart Company Balance Sheet As of January 3, 2020 (amounts in thousands) Cash 8,400 Accounts Payable...
Stuart Company
Balance Sheet
As of January 3, 2020
(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
Transfer the journal entries to T-accounts for the transactions
below, compute closing amounts for the T-accounts, and construct a
final balance sheet to answer the...
Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands) Cash 8,400 Accounts Payable...
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...
Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) Cash 8,400 Accounts Payable...
Acme Company
Balance Sheet
As of January 5, 2020
(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, 2020
1. Borrow $52,000 from a bank
2. Purchase equipment...
Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands) Cash 9,000 Accounts Payable...
Acme Company
Balance Sheet
As of January 5, 2019
(amounts in thousands)
Cash
9,000
Accounts Payable
1,200
Accounts Receivable
3,400
Debt
3,600
Inventory
5,100
Other Liabilities
2,100
Property Plant & Equipment
17,500
Total Liabilities
6,900
Other Assets
600
Paid-In Capital
5,900
Retained Earnings
22,800
Total Equity
28,700
Total Assets
35,600
Total Liabilities & Equity
35,600
Update the balance sheet above to reflect the transactions
below, which occur on January 6, 2019
1. Borrow $55,000 from a bank
2. Buy $14,000...
Valley Technology Balance Sheet As of January 24, 2020 (amounts in thousands) Cash 9,700 Accounts Payable...
Valley Technology
Balance Sheet
As of January 24, 2020
(amounts in thousands)
Cash
9,700
Accounts Payable
1,500
Accounts Receivable
4,500
Debt
2,900
Inventory
3,800
Other Liabilities
800
Property Plant & Equipment
16,400
Total Liabilities
5,200
Other Assets
1,700
Paid-In Capital
7,300
Retained Earnings
23,600
Total Equity
30,900
Total Assets
36,100
Total Liabilities & Equity
36,100
Record the transactions in a journal, transfer the journal
entries to T-accounts, compute closing amounts for the T-accounts,
and construct a balance sheet to answer...
Siam Traders Balance Sheet As of January 24, 2020 (amounts in thousands) Cash 9,100 Accounts Payable...
Siam Traders
Balance Sheet
As of January 24, 2020
(amounts in thousands)
Cash
9,100
Accounts Payable
1,900
Accounts Receivable
4,400
Debt
2,400
Inventory
4,800
Other Liabilities
600
Property Plant & Equipment
15,600
Total Liabilities
4,900
Other Assets
2,600
Paid-In Capital
6,900
Retained Earnings
24,700
Total Equity
31,600
Total Assets
36,500
Total Liabilities & Equity
36,500
Record the transactions in a journal, transfer the journal
entries to T-accounts, compute closing amounts for the T-accounts,
and construct a balance sheet to answer...
Hopewell Corporation Balance Sheet As of January 24, 2020 (amounts in thousands) Cash 12,500 Accounts Payable...
Hopewell Corporation
Balance Sheet
As of January 24, 2020
(amounts in thousands)
Cash
12,500
Accounts Payable
2,400
Accounts Receivable
3,600
Debt
3,700
Inventory
5,200
Other Liabilities
3,000
Property Plant & Equipment
16,700
Total Liabilities
9,100
Other Assets
600
Paid-In Capital
5,600
Retained Earnings
23,900
Total Equity
29,500
Total Assets
38,600
Total Liabilities & Equity
38,600
Record the transactions in a journal, transfer the journal
entries to T-accounts, compute closing amounts for the T-accounts,
and construct a balance sheet to answer...
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