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A company's inventory account increased $28,000 and its accounts payable account decreased $19,450 during the year. The accounts payable relates only to the acquisition of
A company's inventory account increased $28,000 and its accounts payable account decreased $19,450 during the year. The accounts payable relates only to the acquisition of inventory. Sales were $790,500 and cost of goods sold was $535,700. What was the amount of payments to suppliers of inventory? A. $837,950 B. $555,150 C. $544,250 D. $583,150
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