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Determine the amount of cash paid to suppliers for each of the four independent situations below. Situation Cost of goods sold Inventory increase (decrease) Accounts
- Determine the amount of cash paid to suppliers for each of the four independent situations below.
| Situation | Cost of goods sold | Inventory increase (decrease) | Accounts payable increase (decrease) | Cash paid to suppliers |
| 1 | $ 300,000 | $ 6,000 | $ 0 | $ |
| 2 | 300,000 | 0 | 7,000 | $ |
| 3 | 400,000 | 6,000 | 7,000 | $ |
| 4 | 400,000 | (6,000) | (7,000) | $ |
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Financial Accounting
Authors: LibbyShort
7th Edition
78111021, 978-0078111020
