Question: Direct Method Using the following data for Evans & Sons, calculate the cash paid for merchandise purchased: Cost of goods sold $128,000 Inventory, January 1

Direct Method Using the following data for Evans & Sons, calculate the cash paid for merchandise purchased: Cost of goods sold $128,000 Inventory, January 1 19,000 Inventory, December 31 22,000 Accounts payable, January 1 11,000 Accounts payable, December 31 7,000 Cash paid for merchandise purchased?

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