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Merchandise inventor increased $28000 abc accounts payable decreased $19600 during the year. Accounts payable related only to the acquisition of merchandise inventory. Sales were $796000
Merchandise inventor increased $28000 abc accounts payable decreased $19600 during the year. Accounts payable related only to the acquisition of merchandise inventory. Sales were $796000 and cost of goods sold was $549700. Compute the payment made to the suppliers.
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