General Journals:

1: Record the entry for situation 1

2:Record the entry for situation2

3: Record the entry for situation 3

4:Record the entry for situation 4

5: Record the entry for situation 5

3 For each of the five independent situations below, prepare a journal entry that summarizes the purchases, sales, and payments related to inventories in order to determine the amount of cash paid to suppliers. All dollars are in millions. 0.5 points X Answer is not complete. Complete this question by entering your answers in the tabs below. Cash Paid General to Supp Journal Calculate the amount of cash paid to suppliers for each situation. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Situation Cost of Goods Sold Inventory Increase (Decrease) Accounts Payable Increase (Decrease) 0 1 2 270.0 270.0 270.0 270.0 270.0 3 Cash Paid to Suppliers 270.0 278.7 256.1 264.8 275.2 0 8.7 0 8.7 (8.7) 0 13.9 13.9 (13.9) 4 5 Cash Paid to Supp General Journal >