Tot Question 11 (24 points) Analyses of accounts The company has reported "Accounts Payable" and "inventory as follows in its financial statements. Accounts Payable Date Adjusted Final Balance December 31, 2012 $ 16,000 December 31, 2013 $ 12,500 Date Adjusted Final Inventory Balance $ 33,000 December 31, 2012 December 31, 2013 $ 57.000 The company paid cash in the amount of $ 103,000 to suppliers for the purchase of merchandise during the year. What amount of COGS should have been reported by the company during the year ended December 31, 2013? S 0 7 8 6 2 4 The company paid cash in the amount of $ 103,000 to suppliers for the purchase of merchandise during the year. What amount of COGS should have been reported by the company during the year ended December 31, 2013? Accounts Payable Inventory DR CR DR CR Begin Balance $1) Begin Balance $7) 2) $3). 4). $5) 8) $9). 10) $11). End Balance $6) End Balance $12) Blank # 1 A/ Blank #2 Blanka NCRO Die TE 30 Blank #1 A/ Blank # 2 N Blank # 3 Blank #4 Blank #5 Blank # 6 Ay Blank #7 Blank #8 Blank #9 A/ Blank # 10 Blank # 11 Blank #12 4, Page 11 of 16 Previous Page Next Page MacBook Pro S 7 co 6