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Exercise 21-5 (Algo) Determine cash paid to suppliers of merchandise (LO21-3) Determine the amount of cash paid to suppliers of merchandise for each of the
Exercise 21-5 (Algo) Determine cash paid to suppliers of merchandise (LO21-3) Determine the amount of cash paid to suppliers of merchandise for each of the nine independent situations below. All dollars are in millions. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Situation Cost of Goods sold Inventory Increase (Decrease Accounts Payable Increase (Decrease) Cash Paid to Suppliers 1 2 115 115 0 0 3.6 3 0 115 4 115 0 7.9 (7.9) 5 6 (3.6) 0 0 3,6 3.6 (3.6) (3.5) 7.9 115 115 115 115 115 7 8 (7.9) (7.9) 79 9
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