Using your answer to Practice 212, compute how much cash was paid for inventory during the year.

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Using your answer to Practice 21€“2, compute how much cash was paid for inventory during the year.

Using your answer to Practice 21€“2, compute how much cash

(a) All purchases of inventory were on account.
(b) Sales for the year were $947,900.
(c) Cost of goods sold for the year was$404,600.

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Intermediate Accounting

ISBN: 978-0324312140

16th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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