LaRoe Lawns' inventory increased during the year by $7.5 million. Its accounts payable increased by $5.3...

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LaRoe Lawns' inventory increased during the year by $7.5 million. Its accounts payable increased by $5.3 million during the same period. Required: What is the amount of cash LaRoe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $59 million? Prepare a summary entry that represents the net effect of merchandise purchases during the reporting period. Complete this question by entering your answers in the tabs below. General Cash Paid Journal What is the amount of cash LaRoe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $59 million? (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Cash million Journal entry worksheet Record the net effect of merchandise purchases. Note: Enter debits before credits. Event General Journal Debit Credit 1 LaRoe Lawns' inventory increased during the year by $7.5 million. Its accounts payable increased by $5.3 million during the same period. Required: What is the amount of cash LaRoe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $59 million? Prepare a summary entry that represents the net effect of merchandise purchases during the reporting period. Complete this question by entering your answers in the tabs below. General Cash Paid Journal What is the amount of cash LaRoe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $59 million? (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Cash million Journal entry worksheet Record the net effect of merchandise purchases. Note: Enter debits before credits. Event General Journal Debit Credit 1

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