Homework answers / question archive / GG Pty Ltd's accounting records show:                   Beginning Balance  Ending Balance                           '000             '000 Accounts payable           $12              $8 Inventory                  $25              $21 Cost of sales               -               $50 Determine the amount of cash paid for inventory for the period

GG Pty Ltd's accounting records show:                   Beginning Balance  Ending Balance                           '000             '000 Accounts payable           $12              $8 Inventory                  $25              $21 Cost of sales               -               $50 Determine the amount of cash paid for inventory for the period

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GG Pty Ltd's accounting records show:                   Beginning Balance  Ending Balance

                          '000             '000

Accounts payable           $12              $8

Inventory                  $25              $21

Cost of sales               -               $50

Determine the amount of cash paid for inventory for the period.

 

 

A.$48,000.

B.$58,000.

C.$42,000.

D.$50,000.