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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.. $ 735,000
Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.
Cost of goods sold.. | $ 735,000 |
Merchandise inventory, January 1. | 84,700 |
Merchandise inventory, December 31 | 82,400 |
Accounts payable, January 1. | 54,500 |
Accounts payable, December 31.. | 60,200 |
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