Question
Bonita Corporation had January 1 and December 31 balances as follows. 1/1/17 12/31/17 Inventory$90,000$109,000Accounts payable53,00062,000 For 2017, cost of goods sold was $441,000. Compute Bonita's
Bonita Corporation had January 1 and December 31 balances as follows.
1/1/17
12/31/17
Inventory$90,000$109,000Accounts payable53,00062,000
For 2017, cost of goods sold was $441,000.
Compute Bonita's 2017 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
