On January 1, 2020, Glass Industries Inventory balance was $22,000; on December 31,2020, it was $16,000. The
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On January 1, 2020, Glass Industries’ Inventory balance was $22,000; on December 31,2020, it was $16,000. The company’s Accounts Payable balance was $12,750 on January 1, 2020, and $11,200 on December 31, 2020. Cost of Goods Sold for the year was $98,000.
Required
Calculate the company’s cash payments to suppliers in 2020.
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