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Domain Manager CheapDon Brief Exercise 21-3 Determine cash paid to suppliers [LO21-3] LaRoe Lawns' inventory increased during the year by $6.6 million. Its accounts payable

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Domain Manager CheapDon Brief Exercise 21-3 Determine cash paid to suppliers [LO21-3] LaRoe Lawns' inventory increased during the year by $6.6 million. Its accounts payable increased by $4.9 million during the same period a. What is the amount of cash LaRoe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $58.0 million? 5,500,000 should be entered as answer in millions rounded to 1 decimal place (i.e. milion b. Prepare a summary entry that represents the net effect of merchandise purchases during the reporting period. (Enter your answers in miltions rounded to 1 decimal place fi.e., 5,500,000 should be entered as 5.5). If no entry is required for an event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the net effect of merchandise purchases General Journal Debit Credit TOSHIBA

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