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How much cash did Cinder Cause pay to its inventory

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Question - Cinder Cause, a fireplace installer, had the following balances for Inventory and Accounts Payable for 2019:

Inventory BB: $20,000

Inventory EB: $50,000

Accounts Payable BB: $40,000

Accounts Payable EB: $30,000

In addition, Cinder Cause's COGS for 2019 was $80,000.

Assume Cinder Cause's makes all inventory on account. How much cash did Cinder Cause pay to its inventory supplier in 2019?

a. $110,000

b. $120,000

c. $40,000

d. $100,000

Reference no: EM132795298

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