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Bramble Corporation had January 1 and December 31 balances as follows: 1/1/20 12/31/20 Inventory $89,700 $114,200 Accounts payable 60,400 70,000 For 2020, the cost of
Bramble Corporation had January 1 and December 31 balances as follows:
| 1/1/20 | 12/31/20 | |||
|---|---|---|---|---|
| Inventory | $89,700 | $114,200 | ||
| Accounts payable | 60,400 | 70,000 |
For 2020, the cost of goods sold was $554,000. Calculate Brambles 2020 cash paid to suppliers of inventory.
| Cash paid to suppliers ______$. |
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The Development Of The American Public Accounting Profession
Authors: T.A. Lee
1st Edition
0415403944, 9780415403948
