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Cost of goods sold for Gusting Publishers, Inc., during 20X1 was $770,000. Beginning inventory was 580,000, and ending inventory was $110,000. Beginning trade accounts payable
Cost of goods sold for Gusting Publishers, Inc., during 20X1 was $770,000. Beginning inventory was 580,000, and ending inventory was $110,000. Beginning trade accounts payable were $33,000, and ending trade accounts payable were $42,000. Requirement 1. What amount of cash did Gusting pay to suppliers? Select the formula needed to solve for this amount and then enter the amounts to solve for the cash paid to suppliers. = Cash paid to suppliers
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