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2019 2020 2019 2020 Cash $400 $250 Accounts payable $260 $290 Accounts receivable $880 $1,220 Utilities payable $310 $360 Inventory $160 $280 Salaries payable $1,200

2019 2020 2019 2020

Cash $400 $250 Accounts payable $260 $290
Accounts receivable $880 $1,220 Utilities payable $310 $360
Inventory $160 $280 Salaries payable $1,200 $900
Prepaid insurance $50 $20 Notes payable $6,000 $6,500
Equipment $4,000 $4,000 Interest payable $400 $550
Accum. depreciation ($1,100) ($1,300) Common stock $1,000 $1,000
Land $6,000 $7,600 Retained earnings $1,220 $2,470
$10,390 $12,070 $10,390 $12,070

How much was paid to suppliers if cost of goods sold was $24,000 during 2020?

A. $24,400

B. $24,150

C. $24,120

D. $24,090

E. None of the above

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