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Brief Exercise 23-7 Sandhill Corporation had January 1 and December 31 balances as follows. 1/1/17 12/31/17 Inventory $110,000 $127,000 Accounts payable 56,000 63,000 For 2017,
Brief Exercise 23-7
Sandhill Corporation had January 1 and December 31 balances as follows.
| 1/1/17 | 12/31/17 | |||
| Inventory | $110,000 | $127,000 | ||
| Accounts payable | 56,000 | 63,000 |
For 2017, cost of goods sold was $563,000. Compute Sandhills 2017 cash payments to suppliers.
| Cash payments to suppliers | $ |
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Connect 2-semester For Auditing & Assurance Services A Systematic Approach
Authors: Author
10th Edition
1259292045, 9781259292040
