Use the following information about the current year operations of a company to calculate the cash paid
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Question:
Use the following information about the current year operations of a company to calculate the cash paid for merchandise.
Cost of goods sold $ 740,000
Merchandise inventory, January 1 85,700
Merchandise inventory, December 31 83,300
Accounts payable, January 1 55,100
Accounts payable, December 31 60,900
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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