Business, 07.06.2020 00:05 jigaboo420

Lightspeed Industries Balance Sheet As of March 11, 2018 (amounts in thousands)Cash 14,100 Accounts Payable 1,900Accounts Receivable 3,200 Debt 3,600Inventory 4,900 Other Liabilities 2,000Property Plant & Equipment 16,300 Total Liabilities 7,500Other Assets 500 Paid-In Capital 7,200 Retained Earnings 24,300 Total Equity 31,500Total Assets 39,000 Total Liabilities & Equity 39,000Use T-accounts to record the transactions below, which occur on March 12, 2018, close the T-accounts, and construct a balance sheet to answer the question.1. Issue $80,000 in stock2. Borrow $65,000 from a bank3. Receive payment of $12,000 owed by a customerWhat is the final amount in Total Assets?Please specify your answer in the same units as the balance sheet.

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Lightspeed Industries Balance Sheet As of March 11, 2018 (amounts in thousands)Cash 14,100 Accounts...

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