Question
Use the following excerpts from Huckleberry Companys financial statements. From Balance Sheets: Dec. 31, 2018 Dec. 31, 2017 Inventory $76,000 $89,000 Accounts Payable 55,000 61,000
Use the following excerpts from Huckleberry Companys financial statements.
| From Balance Sheets: | Dec. 31, 2018 | Dec. 31, 2017 | |
| Inventory | $76,000 | $89,000 | |
| Accounts Payable | 55,000 | 61,000 | |
| From Income Statement: | 2018 | ||
| Cost of Good Sold | $550,000 |
Determine cash paid to suppliers for inventory in 2018.
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Financial Accounting
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
5th Canadian edition
133472264, 978-0133446265, 133446263, 978-0133472264
