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. All dollars are in millions. Complete this question by entering your answers in the tabs below. Cash Paid to Supp General Journal Calculate the amount of cash paid to suppliers for each situation. (Enter your answers in millions rounded to 1 decimal place (1.e., 5,500,000 should be entered as 5.5).) Situation Cost of Goods Inventory Increase Accounts Payable Cash Paid to Sold (Decrease) Increase (Decrease) Suppliers 1 240 0 0 2 240 7.5 0 3 240 0 121 4 240 7.5 12.1 5 240 (7.5) (12.1) Ceneral Journal > For each of the three Independent situations determine the amount of cash received from the customers and prepare Journal entries that summarize the selling and collection activities for the reporting period. All dollars are in millions. Complete this question by entering your answers in the tabs below. Cash Recd from Cust General Journal Determine the amount of cash received from the customers. (Enter your answers in millions (1.e., 10,000,000 should be entered as 10).) Situation Sales Revenue 240 1 2 Accounts Receivable Cash Received from Increase (Decrease) Customers 0 17 (17) 240 240 3 General Journal > Prev 1 of 12 !!! Next >