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

What is the final amount in Cash?

Answer 1

Acme Company
Balance Sheet
As of January 6, 2019
(amounts in thousands)
Cash	97,400	Accounts Payable	17,800
Accounts Receivable	4,700	Debt	55,400
Inventory	4,200	Other Liabilities	900
Manufacturing Supplies	15,000	Total Liabilities	74,100
Property Plant & Equipment	65,200	Paid-In Capital	91,700
Other Assets	2,800	Retained Earnings	23,500
		Total Equity	1,15,200
Total Assets	1,89,300	Total Liabilities & Equity	1,89,300

Final amount of cash = 8400+52000-48000+85000

Other version can be this, if we have to take transactional information in thousands

Acme Company
Balance Sheet
As of January 6, 2019
(amounts in thousands)
Cash	8,489	Accounts Payable	2,815
Accounts Receivable	4,700	Debt	3,452
Inventory	4,200	Other Liabilities	900
Manufacturing Supplies	15	Total Liabilities	7,167
Property Plant & Equipment	17,248	Paid-In Capital	6,785
Other Assets	2,800	Retained Earnings	23,500
		Total Equity	30,285
Total Assets	37,452	Total Liabilities & Equity	37,452