Some account services will not be available until you sign in again. Book Show Me How Calculator Print Item Cash Payments for Merchandise-Direct Method Cost of merchandise sold reported on the income statement was $753,400. The accounts payable balance decreased $29,800, and the inventory balance increased b $42,700 over the year. Determine the amount of cash paid for merchandise. $766,300 x Feedback Check My Work Cash payments for merchandise is computed by taking the cost of merchandise sold and adjusting it for the change in inventory and the change in accounts payable