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Cash Payments for Merchandise-Direct Method Cost of merchandise sold reported on the income statement was $561,900. The accounts payable balance decreased $32,100, and the inventory
Cash Payments for Merchandise-Direct Method Cost of merchandise sold reported on the income statement was $561,900. The accounts payable balance decreased $32,100, and the inventory balance increased by $53,800 over the year. Determine the amount of cash paid for merchandise
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