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What is the amount of cash paid for the purchase

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Reference no: EM132559265

Question - Given

Cost of sales $200,000

Inventory 1 July 2019 $33,000

Inventory 20 June 2020 $45,000

Accounts payable 1 July 2019 $58,000

Accounts payable 30 June 2020 $38,000

Assuming that the accounts payable account is used only for amounts owing to supposed in relation to inventory purchases, what is the amount of cash paid for the purchase of goods for resale?

a. $232,000

b. $192,000

c. $332,000

d. $208,000

Reference no: EM132559265

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