Reference no: EM131802042

Question - Accounts payable is originally 2,000, how do the changes in 1-4 affect the difference in the final amount payable? Why does stock matter or doesn't it?

Acme Company Balance Sheet As of January 5, 2017 (amounts in thousands)
Cash	13,700	Accounts Payable	2,000
Accounts Receivable	3,200	Debt	3,600
Inventory	5,100	Other Liabilities	900
Property Plant & Equipment	15,400	Total Liabilities	6,500
Other Assets	800	Pain-In Capital	7,200
		Retained Earnings	24,500
		Total Equity	31,700
Total Assets	38,200	Total Liabilities & Equity	38,200

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2017

1. Receive payment of $12,000 owed by a customer

2. Purchase equipment for $45,000 in cash

3. Issue $85,000 in stock

4. Borrow $67,000 from a bank

Required - What is the final amount in Amounts Payable? Please specify your answer in the same units as the balance sheet.