John Co had a cost of sales, during the year just ended, of $280 000. During the year accounts payable and inventory each increased by $12 000. What amount of cash was paid for purchases during the year?

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The Answer of John Co had a cost of sales, during the year just ended, of $280 000. During the year accounts payable and inventory each increased by $12 000. What amount of cash was paid for purchases during the year?

John Co Had a Cost of Sales, During the Year