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Use the following excerpts from Huckleberry Companys financial statements and complete the worksheets below to determine cash paid to suppliers for inventory in 2018. PLEASE
Use the following excerpts from Huckleberry Companys financial statements and complete the worksheets below to determine cash paid to suppliers for inventory in 2018.
PLEASE NOTE: You are to follow the format shown in the textbook.
Step01: Inventory Purchased | |
[ Select ]["Beginning balance, Inventory", "Cost of Goods Sold", "Inventory purchased", "Goods available to sell", "Ending balance, Inventory"] | [ Select ]["$82,000", "$74,000", "$520,000", "$512,000", "$594,000"] |
[ Select ]["Beginning balance, Inventory", "Ending balance, Inventory", "Inventory purchased", "Cost of Goods Sold", "Goods available to sell"] | [ Select ]["$512,000", "$82,000", "$74,000", "$520,000", "$594,000"] |
[ Select ]["Ending balance, Inventory", "Beginning balance, Inventory", "Cost of Goods Sold", "Goods available to sell", "Inventory purchased"] | [ Select ]["$512,000", "$74,000", "$594,000", "$520,000", "$82,000"] |
[ Select ]["Inventory purchased", "Ending balance, Inventory", "Cost of Goods Sold", "Beginning balance, Inventory", "Goods available to sell"] | [ Select ]["$512,000", "$520,000", "$74,000", "$594,000", "$82,000"] |
[ Select ]["Beginning balance, Inventory", "Goods available to sell", "Ending balance, Inventory", "Inventory purchased", "Cost of Goods Sold"] | [ Select ]["$520,000", "$82,000", "$74,000", "$512,000", "$594,000"] |
Step02: Cash paid for Inventory Purchases | |
[ Select ]["Total obligation to pay inventory costs", "Beginning balance, Accounts Payable", "Cash paid for inventory", "Purchases", "Ending balance, Accounts Payable"] | [ Select ]["$512,000", "$570,000", "$55,000", "$58,000", "$515,000"] |
[ Select ]["Ending balance, Accounts Payable", "Purchases", "Total obligation to pay inventory costs", "Cash paid for inventory", "Beginning balance, Accounts Payable"] | [ Select ]["$515,000", "$570,000", "$55,000", "$58,000", "$512,000"] |
[ Select ]["Total obligation to pay inventory costs", "Cash paid for inventory", "Ending balance, Accounts Payable", "Beginning balance, Accounts Payable", "Purchases"] | [ Select ]["$55,000", "$512,000", "$515,000", "$58,000", "$570,000"] |
[ Select ]["Beginning balance, Accounts Payable", "Ending balance, Accounts Payable", "Cash paid for inventory", "Purchases", "Total obligation to pay inventory costs"] | [ Select ]["$55,000", "$570,000", "$515,000", "$512,000", "$58,000"] |
[ Select ]["Beginning balance, Accounts Payable", "Total obligation to pay inventory costs", "Ending balance, Accounts Payable", "Purchases", "Cash paid for inventory"] | [ Select ]["$512,000", "$515,000", "$58,000", "$570,000", "$55,000"] |
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