Question: I am looking for the correct answer to this general accounting problem using valid accounting standards. A company reported the following financial data for the

I am looking for the correct answer to this general accounting problem using valid accounting standards.

A company reported the following financial data for the current year: e Cost of Goods Sold: $820,000 e Beginning Merchandise Inventory: $95,000 e Ending Merchandise Inventory: $90,000 e Beginning Accounts Payable: $62,000 e Ending Accounts Payable: $70,000 Calculate the total cash paid for merchandise purchases. A. $810,500 B. $805,000 C. $807,000 D. $812,000

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