The cost of goods sold reported on the income statement was $185,000. The accounts payable balance increased

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The cost of goods sold reported on the income statement was $185,000. The accounts payable balance increased $8,000, and the inventory balance increased by $11,100 over the year. Determine the amount of cash paid for merchandise.

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Financial And Managerial Accounting

ISBN: 9780357714041

16th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William Tayler

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Question Posted: Dec 08, 2022 05:20 AM

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The cost of goods sold reported on the income statement was $185,000. The accounts payable balance increased

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Financial And Managerial Accounting

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