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Determine the amount of cash paid to suppliers for each of the four independent situations below. Situation Cash paid to suppliers 1 Cost of goods
Determine the amount of cash paid to suppliers for each of the four independent situations below. Situation Cash paid to suppliers 1 Cost of goods sold $ 260,000 $ 260,000 360,000 360,000 Inventory Accounts payable increase(decrease) increase(decrease) 5,600 $ 0 0 6,600 5,600 6,600 (5,600) (6,600) 2 3 4
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