Prepare the summary entries necessary to determine the amount of cash paid to suppliers for each of the four independent situations below. Inventory Increase (Decrease) $ 5,900 Cash paid to suppliers Situation UM Cost of goods sold $390,000 390,000 95,000 95,000 Account payable Increase (Decrease) $ 0 6,900 6,900 (6,900) 30 points 5,900 (5,900) 8 02:27:17 Complete this question by entering your answers in the tabs below. Cash Paid General Journal Determine the amount of cash paid to suppliers for each of the four independent situations below. Situation Cost of Cash paid to suppliers Account Inventory payable Increase Increase (Decrease) (Decrease) $ 5,900 $ 0 6,900 5,900 6,900 (5,900) (6,900) goods sold $ 390,000 390,000 95,000 95,000 2 3 Cash Paid General Journal > Prepare the summary entries necessary to determine the amount of cash paid to suppliers for each of the four independent situations below. Account payable Increase (Decrease) Cash paid to Situation Inventory Increase (Decrease) $ 5,900 Cost of goods sold $390,000 390,000 95,000 95,000 W NP 6,900 6,900 (6,900) 5,900 (5,900) 30 points 8 02:25:59 Complete this question by entering your answers in the tabs below. Cash Paid General Journal Prepare the summary entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet There are 4 journal enteries . Record the entry for situation 1, 2, 3 and 4