On January 1, 2010, Glass Industries Inventory balance was $30,000; on December 31, 2010, it was ($26,000).
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On January 1, 2010, Glass Industries’
Inventory balance was $30,000; on December 31, 2010, it was \($26,000\). The company’s Accounts Payable balance was \($17,800\) on January 1, 2010 and \($19,500\) on December 31, 2010. Cost of Goods Sold for the year was $94,750.
Required Calculate the company’s cash payments to suppliers in 2010.
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