GG Pty Ltd's accounting records show: $$\begin{array} { l c c }
& \text { Beginning Balance } & \text { Ending Balance } \
& \text { '000 } & \text { '000 } \
& \$ & \$ \
\text { Accounts payable } & 12 & 8 \
\text { Inventory } & 25 & 21 \
\text { Cost of sales } & - & 50
\end{array}$$ Determine the amount of cash paid for inventory for the period.
A)$42,000.
B)$48,000.
C)$58,000.
D)$50,000.

Question

GG Pty Ltd's accounting records show: $$\begin{array} { l c c } 
& \text { Beginning Balance } & \text { Ending Balance } \
& \text { '000 } & \text { '000 } \
& \$ & \$ \
\text { Accounts payable } & 12 & 8 \
\text { Inventory } & 25 & 21 \
\text { Cost of sales } & - & 50
\end{array}$$ Determine the amount of cash paid for inventory for the period.
A)$42,000.
B)$48,000.
C)$58,000.
D)$50,000.

Quizplus · Accepted Answer

The Answer of GG Pty Ltd's accounting records show: $$\begin{array} { l c c } 
& \text { Beginning Balance } & \text { Ending Balance } \
& \text { '000 } & \text { '000 } \
& \$ & \$ \
\text { Accounts payable } & 12 & 8 \
\text { Inventory } & 25 & 21 \
\text { Cost of sales } & - & 50
\end{array}$$ Determine the amount of cash paid for inventory for the period.
A)$42,000.
B)$48,000.
C)$58,000.
D)$50,000.

GG Pty Ltd's Accounting Records Show Determine the Amount of Cash Paid for Inventory for the c