(L03) Moxley Corporation had January 1 and December 31 balances as follows. 1/1/17 12/31/17 Inventory $95,000 $113,000...
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(L03) Moxley Corporation had January 1 and December 31 balances as follows.
1/1/17 12/31/17 Inventory $95,000 $113,000 Accounts payable 61,000 69,000 For 2017, cost of goods sold was $500,000. Compute Moxley’s 2017 cash payments to suppliers.
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