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The general ledger of MPX, Inc., provides the following information relating to purchases of merchandise: End of Year Beginning of Year Inventory . $820,000 $780,000
The general ledger of MPX, Inc., provides the following information relating to purchases of merchandise: End of Year Beginning of Year Inventory . $820,000 $780,000 Accounts payable to merchandise suppliers .. 430,000 500,000 The companys cost of goods sold during the year was $2,975,000. Compute the amount of cash payments made during the year to suppliers merchandise
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