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The following information is available for Kringle Company. What amount of cash was paid for merchandise during 2018? Cost of goods sold $535,000 Merchandise inventory,
The following information is available for Kringle Company. What amount of cash was paid for merchandise during 2018?
| Cost of goods sold | $535,000 |
| Merchandise inventory, 12/31/17 | 95,000 |
| Merchandise inventory, 12/31/18 | 132,000 |
| Accounts Payable, 12/31/17 | 98,500 |
| Accounts Payable, 12/31/18 | 99,300 |
a.) $571,200
b.) $572,800
c.) $498,800
d.) $535,000
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College Accounting A Practical Approach Chapters 1-15
Authors: Jeffrey Slater
7th Edition
0130954888, 978-0130954886
