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Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold $586,000 Merchandise
Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.
Cost of goods sold $586,000 Merchandise inventory, January 1 71,800 Merchandise inventory, December 31 62,000 Accounts payable, January 1 71,400 Accounts payable, December 31 65,000
$569,800 $582,600 $576,200 $586,000 $595,800
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