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The GAP is a global clothing retailer for men, women, children, and babies. The following information is taken from The Gaps fiscal 2015 annual report

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The GAP is a global clothing retailer for men, women, children, and babies. The following information is taken from The Gaps fiscal 2015 annual report Selected Balance Sheet Data (5 millions 2015 2014 Inventores $1.90131.61 Accounts Payable 1140 1145 2. The Gap purchased inventories totaling $10,314 million during fiscal 2015. Use the financial statementellects template to record cost of goods sold for the Gao's fiscal year ended 2015 accounts payable is used only for recording purchases of inventories and all inventories are purchased on credit) ti What amount did the company pay to suppliers during the year? Record this wen the financial statement directs template. use negative signs with answers, if appropriate Balance Sheet Income Statement Earned Noncash Assets Contrib Capital Revenues ES -Net income Cash Asset 0 Transaction Recognize cost of goods told b. Cihad to suppliers Liabilities 0

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