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4 ) ABC started the year with A / P of $ 3 , 0 0 0 . It purchased $ 5 , 0 0

4)

ABC started the year with A

/

P of $

3, 000 .

It purchased $

5, 000

of goods on account

(

on credit

) .

It ended the year with A

/

P of $

2, 000 .

How much cash did ABC pay to suppliers

/

vendors during the year?

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