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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 Accounts
Determine the amount of cash paid to suppliers for each of the four independent situations below. Situation Cash paid to suppliers 1 Cost of Accounts Inventory goods sold payable Increase Increase (Decrease) (Decrease) $ 200,000 $ 5,000 $ 0 200,000 0 6,000 300,000 5,000 6,000 300,000 (5,000) (6,000) 2 3 4
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