Chapter 21 Problems Use the information below to answer questions 27) and 28). E 21-2 Determine cash paid to suppliers of merchandise Shown below in T-account format are the beginning and ending balances ($ in millions) of both inventory and accounts payable. Inventory Beginning balance 80 Goods purchased ? ? Cost of goods sold Ending balance 83 Accounts Payable en + Pand Jam - Beg 24 Cash paid Beginning balance Goods purchased im Che 26 Ending balance Required: 27. Use a T-account analysis to determine the amount of cash paid to suppliers of merchandise during the reporting period if cost of goods sold was $200 million. A) $303 B) $203 C) $201 D) $301 noilliam & 022 mg 082