Use the following information about the current year operations of a company to calculate the cash paid for merchandise.

 Cost of goods sold $ 740,000

 Merchandise inventory, January 1 85,700

 Merchandise inventory, December 31 83,300

 Accounts payable, January 1 55,100

Accounts payable, December 31 60,900

Answer rating: 100% (QA)

Cash paid for merchandise 736600 Heres how we can calculate it Change in accounts ... View the full answer