Question
Jillss Kitchen sells meal kits to consumers. During 2021, the company purchased inventory on account at a cost of $18,960,000. The following T-accounts reflect information
Jillss Kitchen sells meal kits to consumers. During 2021, the company purchased inventory on account at a cost of $18,960,000. The following T-accounts reflect information contained in the companys 2021 and 2020 balance sheets.
| Merchandise Inventories |
| Accounts Payable | ||
| 2020 Bal. 945,000 |
|
|
| 375,000 2020 Bal. |
|
|
|
| ||
| 2021 Bal. 962,000 |
|
|
| 388,000 2021 Bal. |
A. What amount did Jill's Kitchen pay in cash to its suppliers during 2021 (Entry the value as a whole number with no $ or , or .)?
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Conducting Church Audits A Guide For Internal Auditors
Authors: Jeremy W Odom
1st Edition
0997095628, 978-0997095623
