Question
Ayayai Corporation had January 1 and December 31 balances as follows. 1/1/20 12/31/20 Inventory $90,000 $109,000 Accounts payable 53,000 62,000 For 2020, cost of goods
Ayayai Corporation had January 1 and December 31 balances as follows.
| 1/1/20 | 12/31/20 | |||
| Inventory | $90,000 | $109,000 | ||
| Accounts payable | 53,000 | 62,000 |
For 2020, cost of goods sold was $441,000. Compute Ayayais 2020 cash payments to suppliers.
| Cash payments to suppliers | $ |
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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
