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The general ledger of AXM, Inc., provides the following information relating to purchases of merchandise. Inventory Accounts payable to merchandise suppliers End of Year $794,000
The general ledger of AXM, Inc., provides the following information relating to purchases of merchandise. Inventory Accounts payable to merchandise suppliers End of Year $794,000 431,000 Beginning of Year $780,000 500,000 The company's cost of goods sold during the year was $2,730,000. Compute the amount of cash payments made during the year to suppliers of merchandise. Cash payments to suppliers of merchandise
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