Question: TB Problem 21-146 (Algo) Partial balance sheets and additional... Partial balance sheets and additional information are listed below for Monaco Company. Additional information for 2024

TB Problem 21-146 (Algo) Partial balance sheets and additional... Partial balance

TB Problem 21-146 (Algo) Partial balance sheets and additional... Partial balance sheets and additional information are listed below for Monaco Company. Additional information for 2024 : Net income was $276,000. Depreciation expense was $36,000. Sales totaled $860,000. Cost of goods sold totaled $311,000. Required: Prepare the summary entry for the amount of cash paid to merchandise suppliers during 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the entry for the amount of cash paid to merchandise suppliers during 2024. Note: Enter debits before credits

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