Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Issue $80,000 in stock 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 6. Purchase equipment for $47,000 in cash 7. Pay $8,000 owed to a supplier What is the final amount in Cash?

Ending cash balance = $14,196,000

Explanation:

Full question is as follow "Acme Company Balance Sheet As of January 5, 2018 (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 Update the balance sheet above to reflect the transactions below, which occur on January 6, 2018 1. Issue $80,000 in stock 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 6. Purchase equipment for $47,000 in cash 7. Pay $8,000 owed to a supplier What is the final amount in Cash?"

                   Calculation of final amount in cash

Particulars                                                                     Amount

Beginning cash balance                                                $14,100

Add: 1. Cash received through the issue of stock  $80

Add: 2. Cash received from the bank                           $65

Add: 3. Cash received from the customer                    $12

Less: 4. Cash paid to the supplier                                  $6

Less: 6. Cash paid to purchase equipment                   $47

Less: 7. Cash paid to the supplier                                   $8    

Ending cash balance (final amount in cash)                $14,196

answer; the correct answer should be (demonstrations); good luck

the correct answer is - no.

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