Given the following information, what amount of cash was paid to suppliers of inventory in 2021, assuming
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Given the following information, what amount of cash was paid to suppliers of inventory in 2021, assuming all accounts payable are related to inventory purchases?
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Ending Balance 2020 2021 $ 519,000 Merchandise inventory Accounts payable Cost of goods sold $ 650,000 104,000 65,000 4,115,000 3,085,000
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Note that 2020 cost of goods sold is irrelevant to this question Beginning inventory 650000 P...View the full answer
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