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5. From the following information provide by X Ltd, assuming that accounts payable only relate to the purchase of inventory, determine the cash payments made
5. From the following information provide by X Ltd, assuming that accounts payable only relate to the purchase of inventory, determine the cash payments made to suppliers during the year Cost of goods sold for the year $ 3000 100 Discounts received for early payment to suppliers 250 Stock write-offs owing to fire damage 2000 Accounts payable (SOP) 1750 Accounts payable (EOP) 500 Inventory (SOP).. 1200 Inventory (EOP)
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