The following information is available about a business's transactions with its suppliers of goods for resale. What
Question:
The following information is available about a business's transactions with its suppliers of goods for resale.
What was the total value of purchases of goods for resale during the year?
A. $34,000
B. $40,000
C. $41,000
D. $47,000
Transcribed Image Text:
$ Owed to suppliers at beginning of year 14 000 Owed to suppliers at end of year 17 000 Paid to suppliers during the year 38 000 Discounts received from suppliers during the year 1000 Cash purchases 5 000
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Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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