Balance sheet of Light Industries is as follows Lightspeed Industries Balance Sheet As of March 11, 2020 (amounts in thousands) Cash 14,100 Accounts Payable 1,900 Accounts Receivable 3,200 Debt 3,600 Inventory 4,900 Other Liabilities 2,000 Property Plant & Equipment 16,300 Total Liabilities 7,500 Other Assets 500 Paid-In Capital 7,200 Retained Earnings 24,300 Total Equity 31,500 Total Assets 39,000 Total Liabilities

Sep 8, 2023

Balance sheet of Light Industries is as follows

Lightspeed Industries
Balance Sheet
As of March 11, 2020
(amounts in thousands)
Cash 14,100 Accounts Payable 1,900
Accounts Receivable 3,200 Debt 3,600
Inventory 4,900 Other Liabilities 2,000
Property Plant & Equipment 16,300 Total Liabilities 7,500
Other Assets 500 Paid-In Capital 7,200
Retained Earnings 24,300
Total Equity 31,500
Total Assets 39,000 Total Liabilities & Equity 39,000

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Balance sheet of Light Industries is as follows Lightspeed Industries Balance Sheet As of March 11, 2020 (amounts in thousands) Cash 14,100 Accounts Payable 1,900 Accounts Receivable 3,200 Debt 3,600 Inventory 4,900 Other Liabilities 2,000 Property Plant & Equipment 16,300 Total Liabilities 7,500 Other Assets 500 Paid-In Capital 7,200 Retained Earnings 24,300 Total Equity 31,500 Total Assets 39,000 Total Liabilities
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  1. 1. Issue $80,000 in stock
  2. 2. Borrow $65,000 from a bank
    3. Receive payment of $12,000 owed by a customer
    4. Pay $6,000 owed to a supplier
    5. Buy $17,000 worth of manufacturing supplies on credit

  3. What is the final amount in Total Cash?

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