Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.

Cost of goods sold	$	805,000
Merchandise inventory, January 1		98,700
Merchandise inventory, December 31		95,000
Accounts payable, January 1		62,900
Accounts payable, December 31		70,000

Multiple Choice

• $794,200.

• $794,900.

• $801,300.

• $808,700.

• $809,100.