Use the following information to answer Questions :Toshyo purchases an inventory of spare parts on credit from its suppliers for $15 000. During the month Toshyo 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 Toshyo $12 000 during the month.
-Bank increases by:
A) $2 000
B) $5 000
C) $7 000
D) $8 000
E) $12 000

Question

Quizplus · Accepted Answer

Bank increases by receipts from customers $12 000 less payments to suppliers $10 000 = Increase $2 000

Use the Following Information to Answer Questions :Toshyo Purchases an Inventory