Reference no: EM133012343

The Doore Knob Company's accounting records are set put below:

                              Beginning Balance                   Ending Balance

                                      '000                                          '000

                                            K                                          K

Accounts receivable         15                               22

Accounts payable           10                                   8

Prepaid expenses            12                                  16

Inventory                       20                                 23

Sales                             -                                  80

Cost of sales                     -                                  30

Expenses (other than COGS) -                                  21

Problem 1: Determine the amount of cash paid for purchases of inventory during the period.

A. K25 000

B. K29 000

C. K31 000

D. K33 000

E. K35 000