E 21-6 Summary entries for cash paid to suppliers for merchandise For each of the five independent situations below, prepare a journal entry that summarizes the purchases, sales, and payments related to inventories in order to determine the amount of cash paid to suppliers and explain the change in each account shown. All dollars are in millions. 9.0k 74023 Situation Cost of Goods Sold Inventory Increase (Decrease) Accounts Payable Increase (Decrease) Cash Paid to Suppliers 1 200 0 2 200 6 0 3 200 0 14 4 200 6 14 5 200 (6) (14)