The Financial Statements of Juliet Company Show the Following How Much Cash Was Paid Out to Suppliers?
A) $15,000

question 40

Multiple Choice

The financial statements of Juliet Company show the following: $$\begin{array} { | l | r | r | } \hline & \text { Beginning balance } & \text { Ending balance } \\\hline \text { Trade receivables } & \$ 28,000 & \$ 22,000 \\\hline \text { Inventories } & \$ 38,400 & 32,000 \\\hline \text { Trade payables } & \$ 11,000 & \$ 15,000 \\\hline \text { COGS } & & \$ 74,000 \\\hline\end{array}$$ How much cash was paid out to suppliers?

• A) $15,000
• B) $70,000
• C) $85,000
• D) $67,600

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