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The cost of merchandise sold during the year was $56,436. Merchandise inventories were $13,397 and $8,523 at the beginning and end of the year, respectively.
The cost of merchandise sold during the year was $56,436. Merchandise inventories were $13,397 and $8,523 at the beginning and end of the year, respectively. Accounts payable were $6,960 and $4,037 at the beginning and end of the year, respectively. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total
$54,485
$48,639
$56,436
$6,960
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