Question
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
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 | 500,000 | 10,000 | 0 |
|
| 2 | 500,000 | 0 | 11,000 |
|
| 3 | 200,000 | 10,000 | 11,000 |
|
| 4 | 200,000 | (10,000) | (11,000) |
|
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OECD Public Governance Reviews Brazils Supreme Audit Institution The Audit Of The Consolidated Year End Government Report
Authors: Oecd
1st Edition
9264188088, 978-9264188082
