Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Here are some data held by PT XYZ during 2020 : Cost of Goods available for Sale $20,000 Cost of Goods Sold $18,000 Beginning inventory

Here are some data held by PT XYZ during 2020 :

Cost of Goods available for Sale $20,000

Cost of Goods Sold $18,000

Beginning inventory $800

Ending inventory $2,000

Account payable (1/1/2020) $5,000

Account payable (31/12/2020) $8,000

Sales revenue $30,000

Based on the data above, calculate the amount of cash to supplier PT XYZ

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Financial Accounting

Authors: Fred Phillips, Robert Libby, Patricia Libby

1st Edition

0072992573, 9780072992571

More Books

Students also viewed these Accounting questions

Question

What resources will these tactics require?

Answered: 1 week ago

Question

What level of impact will this tactic make on the key public?

Answered: 1 week ago

Question

Have you used powerful language in your message?

Answered: 1 week ago