Question
22) The following information is available for Eclectic Lighting. What amount of cash was paid for merchandise in2018? Cost of goods sold $852,000 Merchandiseinventory, 12/31/17
22) The following information is available for Eclectic Lighting. What amount of cash was paid for merchandise in2018?
Cost of goods sold
$852,000
Merchandiseinventory, 12/31/17
143,000
Merchandiseinventory, 12/31/18
114,000
AccountsPayable, 12/31/17
100,000
AccountsPayable, 12/31/18
95,000
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Financial accounting
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
9th edition
978-0132751216, 132751127, 132751216, 978-0132751124
