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Lite Travel Company's accounting records include the following information: Prepare the summary entries necessary to determine the amount of cash paid to suppliers for each

Lite Travel Company's accounting records include the following information:

Prepare the summary entries necessary to determine the amount of cash paid to suppliers for each of the four independent situations below.

Situation Cost of goods sold Inventory Increase (Decrease) Account payable Increase (Decrease) Cash paid to suppliers
1 $ 480,000 $ 6,800 $ 0
2 480,000 0 7,800
3 140,000 6,800 7,800
4 140,000 (6,800 ) (7,800 )

What is the amount of net cash provided by operating activities indicated by the amounts provided?

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