Indulgence Chocolates Has Provided the Following Information The Cash Payments Made to Suppliers During the Year Total

question 58

Multiple Choice

Indulgence Chocolates has provided the following information:
$$\begin{array} { l r } \text { Cost of sales for the year } & \$ 190,000 \\\text { Opening balance of accounts payable } & \$ 50,000 \\\text { Closing balance of accounts payable } & \$ 60,000 \\\text { Opening balance of inventory } & \$ 20,000 \\\text { Closing balance of inventory } & \$ 36,000\end{array}$$
The cash payments made to suppliers during the year total:

• A) $184,000.
• B) $164,000.
• C) $196,000.
• D) $200,000.

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