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Dooling Corporation Reported Balances in the Following Accounts for the Current

Question 37

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Dooling Corporation reported balances in the following accounts for the current year:  Beginning  Ending Inventories$600$300Accounts payable300500\begin{array}{llr}&\text { Beginning } & {\text { Ending }} \\Inventories&\$ 600 & \$ 300 \\Accounts ~payable&300 & 500\end{array} Cost of goods sold was $7,500. What was the amount of cash paid to suppliers?


A) $7,000.
B) $7,200.
C) $7,300.
D) $7,500.

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