Cost of goods sold is $100,000. Accounts payable increased by $2,000. Inventory increased by $5,000. Cash paid

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Cost of goods sold is $100,000. Accounts payable increased by $2,000. Inventory increased by $5,000. Cash paid to suppliers is:

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$107,000.

$103,000.

$100,000.

$93,000.

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Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Posted Date: Jan 08, 2021 12:40 AM

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Cost of goods sold is $100,000. Accounts payable increased by $2,000. Inventory increased by $5,000. Cash paid

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The Correct Answer is 103000 2nd Option See Cost of Goods SoldClosin... View the full answer

Core Concepts of Accounting

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