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The Financial Statements of Juliet Company Show the Following How Much Cash Was Paid Out to Suppliers?
A) $11,000

question 107

Multiple Choice

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


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