Use T-accounts to record the transactions below, which occur on March 12, 2019, close the...
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Accounting
Use T-accounts to record the transactions below, which occur on March 12, 2019, close the T-accounts, and construct a balance sheet to answer the question.
1. Borrow $52,000 from a bank 2. Purchase equipment for $48,000 in cash 3. Issue $85,000 in stock 4. Buy $15,000 worth of manufacturing supplies on credit 5. Receive payment of $10,000 owed by a customer
What is the final amount in Total Assets?
Please specify your answer in the same units as the balance sheet.
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