Question: I need help with situation 5 it is marked in red with an x next to it, thank you! and no the answer is not
Exercise 21-6 (Algo) Summary entries for cash paid to suppliers of merchandise [LO21-3] For each of the five independent situations below, prepare a journal entry that summarizes the purchases, sales, and payments relate to inventories in order to determine the amount of cash paid to suppliers. All dollars are in millions. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate the amount of cash pald to suppliers for each situation. Note: Enter your answers in millions rounded to 1 decimal place (1.e., 5,500,000 should be entered as 5.5)
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