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

question 8

Multiple Choice

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

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