# Accounting Practices

 Kochyo purchases an inventory of spare parts on credit from its suppliers for \$15,000. During the month Kochyo 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 Kochyo \$12,000 during the month.     3-4: Inventory increase by?       [removed] \$2,000       [removed] \$5,000       [removed] \$7,000       [removed] \$8,000       [removed] \$12,000   3-5: Payables increase by?      [removed] \$2,000       [removed] \$5,000       [removed] \$7,000       [removed] \$8,000       [removed] \$12,000   3-6: Receivables increases by?      [removed] \$2,000       [removed] \$5,000       [removed] \$7,000       [removed] \$8,000       [removed] \$12,000   3-7: Profit increases by?
 [removed] \$2,000       [removed] \$5,000       [removed] \$7,000       [removed] \$8,000       [removed] \$12,0003-8: The bank acount increases by?       [removed] \$2,000       [removed] \$5,000       [removed] \$7,000       [removed] \$8,000       [removed] \$12,000