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How much cash was paid for inventory purchases

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The following data are from a comparison of the balance sheets of Shaun Company as of December 31, 2020, and December 31, 2019:

Accounts Receivable increase P7,600
Inventory decrease 4,500
Accounts Payable increase 2,400

The following data are from Shaun's 2020 income statement:

Sales P200,000
Cost of Goods Sold 110,000

Problem 1: How much cash was paid for inventory purchases?

Reference no: EM132994568

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