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The following amounts were taken from Mt-9x Company's income statement for 2024: Sales revenue ............... $581,000 Cost of goods sold .......... 377,000 The following selected
The following amounts were taken from Mt-9x Company's income statement for 2024: Sales revenue ............... $581,000 Cost of goods sold .......... 377,000 The following selected account balances were taken from Mt-9x Company's accounting records during 2024: January 1, 2024 December 31, 2024 Inventory 129,000 103,000 Accounts receivable 111,000 136,000 Accounts payable 107,000 122,000 The amount of cash paid to suppliers for purchases of inventory during 2024 was equal to:
Group of answer choices
$217,000
$366,000
$351,000
$388,000
$362,000
$377,000
$336,000
$587,000
none of the above choices are correct
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