During the most recent year, a company that purchases all inventory on account, reported that inventory decreased
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During the most recent year, a company that purchases all inventory on account, reported that inventory decreased by $6,000 and accounts payable decreased by $2,000. Cost of goods sold was $147,000. How much cash was paid to suppliers for inventory purchases?
During the most recent year, a company that purchases all inventory on account, reported that inventory decreased by $6,000 and accounts payable decreased by $2,000. Cost of goods sold was $147,000. How much cash was paid to suppliers for inventory purchases?
$143,000
$151,000
$141,000
$139,000
$149,000
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