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What is the final amount in total assets

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Hopewell Corporation Balance Sheet As of January 24, 2019 (amounts in thousands)

Cash 12,500

Accounts Payable 2,400

Accounts Receivable 3,600

Debt 3,700

Inventory 5,200

Other Liabilities 3,000

Property Plant & Equipment 16,700

Total Liabilities 9,100

Other Assets 600 Paid-In Capital 5,600

Retained Earnings 23,900

Total Equity 29,500

Total Assets 38,600

Total Liabilities & Equity 38,600

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

Jan 25. Consume good or service and pay expense of $3,000

Jan 26. Sell product for $20,000 in cash with historical cost of $16,000

Jan 27. Sell, deliver, and receive payment of $35,000 for service

What is the final amount in Total Assets?

Reference no: EM132344925

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