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Calculate cash payments to suppliers for the year

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Cash payments to suppliers

Purple Ltd had the following balances.

                                                                        30 June 2015.                  30 June 2016

Inventories                                                $170,000                       $210,000

Accounts payable for inventories purchases           51,000                     65,000

Cost of sales was $1 700 000 for the year ended 30 June 2016.

Required

Question 1: Calculate cash payments to suppliers for the year ended 30 June 2016

Reference no: EM132634704

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