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Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets Ruston Company Balance Sheet As

Posted: Sun Jul 03, 2022 1:17 pm
by answerhappygod
Cash Accounts Receivable Inventory Property Plant Equipment Other Assets Total Assets Ruston Company Balance Sheet As 1
Cash Accounts Receivable Inventory Property Plant Equipment Other Assets Total Assets Ruston Company Balance Sheet As 1 (118.36 KiB) Viewed 13 times
Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets Ruston Company Balance Sheet As of March 11, 2022 (amounts in thousands) 9,000 Accounts Payable 3,400 Debt 5,100 Other Liabilities 17,500 Total Liabilities 600 Paid-In Capital Retained Earnings Total Equity 35,600 Total Liabilities & Equity Use T-accounts to record the transactions below, which occur on March 12, 2022, close the T-accounts, and construct a balance sheet to answer the question. 1. Sell product for $30,000 in cash with historical cost of $24,000 2. Sell, deliver, and receive payment of $25,000 for service 3. Consume good or service and pay expense of $1,000 What is the final amount in Total Assets? 1,200 3,600 2,100 6,900 5,900 22,800 28,700 35,600 Note: Transaction amounts are provided in dollars but the balance sheet units are thousands of dollars. Please specify your answer in the same units as the balance sheet (i.e., enter the number from your updated balance sheet).