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Assets increased during the period by: Consider the following information: i. Credit sales of $145 000 (cost of goods sold was $55 000) were made.

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Assets increased during the period by:
Consider the following information: i. Credit sales of $145 000 (cost of goods sold was $55 000) were made. ii. $90 000 from accounts receivable from credit sales was received. ili. Inventory of $60 000 was purchased on credit iv. $35 000 of accounts payable was paid. v. $8 000 of prepayments expired during the month. Select one: a. $197 000 b. $252 000 c. $162 000 d. $107 000

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