The Cole Corporation had cost of goods sold of $685,000 during 2018. Based on the beginning and
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The Cole Corporation had cost of goods sold of $685,000 during 2018. Based on the beginning and ending balances of the Inventory and Accounts Payable—Merchandise accounts, how much cash did Cole Corporation pay to acquire merchandise in 2018?
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Inventory Accounts Payable-Merchandise 1/1/18 12/31/18 $130,000 $145,000 109,000 120,000
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Related Book For
Introduction To AccountingAn Integrated Approach
ISBN: 9781119600107
8th Edition
Authors: Penne Ainsworth, Dan Deines
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