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The following information is available for Rong & Zhao Shoe Company. Rong & Zhao Shoe Company Partial Balance Sheets as of December 31 2021 2020

The following information is available for Rong & Zhao Shoe Company.

Rong & Zhao Shoe Company
Partial Balance Sheets
as of December 31
2021 2020
Assets
Cash $ 30,000 $ 15,000
Accounts receivable 50,000 80,000
Inventory 20,000 30,000
Liabilities
Accounts payable $ 55,000 $ 62,000

In addition, in 2021: Net income was $260,000. Depreciation expense was $20,000. Sales totaled $700,000. Cost of goods sold totaled $295,000. Required: Prepare the entry for the amount of cash paid to merchandise suppliers during 2021.

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