The following information is related to Jamin Co. for the year 2009: - 

Beginning inventory: $35,000

 Cost of sales: $120,000  

Purchases paid cash: $38.000 

Supplier's account balance as at 1/1/2009: $20,000 

Ending inventories: $40,000  

Supplier's account balance as at 31/12/2009 : $3,000 

What was the total cash paid for purchases of goods during 2009 ?

Answer rating: 100% (QA)

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