Business, 13.07.2021 15:20 lizzieee04
Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.
Cost of goods sold $226,000
Merchandise inventory, January 1 54,800
Merchandise inventory, December 31 57,400
Accounts payable, January 1 54,400
Accounts payable, December 31 59,800
a. $223,200.
b. $228,800.
c. $234,000.
d. $218,000.
e. $220,000.
Answers: 2
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