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Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of good sold..... Merchandise inventory,

Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.

Cost of good sold..... Merchandise inventory, January 1.........66,800 Merchandise inventory, December 31.....68.200 $238,000 Accounts payable, January 1........ Accounts payable, December 31... .65,200 .71,800

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