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  3. during july rainbow inc. purchased $525 of supplie

During July Rainbow Inc. purchased $525 of supplies inventory on credit. Rainbow used...

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Question

Accounting

During July Rainbow Inc. purchased $525 of supplies inventory on credit. Rainbow
used $175 of the supplies performing working for customers during July. Rainbow
paid suppliers $400 of the amount owing for the purchase of supplies. What was
Rainbow's accounts payable at the end of July?
$525
$125
$175
$400
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