Question
At the end of 2020, Wildhorse Enterprises Accounts Payable balance was $362,000; at the end of 2021, it was $280,000. Assume that the company purchased
At the end of 2020, Wildhorse Enterprises Accounts Payable balance was $362,000; at the end of 2021, it was $280,000. Assume that the company purchased $1,650 000 of inventory during 2021 and that Cost of Goods Sold for 2021 was $1,850,000.
Calculate the company's cash payments to suppliers in 2021.
Cash payments to suppliers?
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Managerial Accounting
Authors: Karen Braun, Wendy Tietz, Louis Beaubien
4th Canadian Edition
013544344X, 9780135443446
