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