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What is the value of better than that is purchases on credit

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Question 1: Suppose that the beginning balance of Accounts Payable (AIP) for Better Than That, Inc. on January 1, 2017 was $17,934. The ending balance of accounts payable on December 31, 2017 was $12,603. During 2017, Better Than That paid $20,338 in cash to its creditors. What is the value of Better Than That's purchases on credit in 2017?

Reference no: EM132511734

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