Question
The financial statements for X Company show the following: Cost of Goods Sold: $725,000 Inventory, 1/1: $45,000 Inventory, 12/31: $56,000 Accounts Receivable, 1/1: $53,000 Accounts
The financial statements for X Company show the following:
Cost of Goods Sold: $725,000
Inventory, 1/1: $45,000
Inventory, 12/31: $56,000
Accounts Receivable, 1/1: $53,000
Accounts Receivable, 12/31: $50,000
Accounts Payable, 1/1: $37,000
Accounts Payable, 12/31: $42,000
How much was cash paid to suppliers?
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College Accounting Chapters 1-27
Authors: James A. Heintz, Robert W. Parry
23rd edition
1337794759, 978-1337794756
