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Stuart Company Balance Sheet As of January 24, 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...

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Accounting

Stuart Company
Balance Sheet
As of January 24, 2019
(amounts in thousands)
Cash8,400Accounts Payable2,800
Accounts Receivable4,700Debt3,400
Inventory4,200Other Liabilities900
Property Plant & Equipment17,200Total Liabilities7,100
Other Assets2,800Paid-In Capital6,700
Retained Earnings23,500
Total Equity30,200
Total Assets37,300Total Liabilities & Equity37,300

Record the transactions in a journal, transfer the journalentries to T-accounts, compute closing amounts for the T-accounts,and construct a balance sheet to answer the question.

Jan 25. Borrow $52,000 from a bank
Jan 26. Purchase equipment for $48,000 in cash
Jan 27. Issue $85,000 in stock

What is the final amount in Total Assets?

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