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

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Cost of good sold..... Merchandise inventory, January 1.........66,800 Merchandise inventory, December 31.....68.200 $238,000 Accounts payable, January 1.…....... Accounts payable, December 31... .65,200 .71,800 Cost of good sold..... Merchandise inventory, January 1.........66,800 Merchandise inventory, December 31.....68.200 $238,000 Accounts payable, January 1.…....... Accounts payable, December 31... .65,200 .71,800

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Cash paid for merchandise C... View the full answer