Use the following information about the current year operations of a company to calculate the cash...
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Use the following information about the current year operations of a company to calculate the cash paid for merchandise. Cost of goods sold Merchandise inventory, January 1 $ 850,000 107,700 Merchandise inventory, December 31 Accounts payable, January 1 103,100 68,300 Accounts payable, December 31 76,300 Use the following information about the current year operations of a company to calculate the cash paid for merchandise. Cost of goods sold Merchandise inventory, January 1 $ 850,000 107,700 Merchandise inventory, December 31 Accounts payable, January 1 103,100 68,300 Accounts payable, December 31 76,300
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