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By how much inventory increases

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Question - Amy purchased an inventory of apare parts on credit from its suppliers for $15,000. During the month Amy pays its suppliers $10,000 and sells spare parts (which cost the business $8,000) to its customers on credit for $20,000. Customers pay Amy $12,000 during the month.

Required - By how much Inventory increases? By how much Payables increase?

Reference no: EM132557794

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