Question
X Company, a merchandiser, prepares monthly financial statements. The following are account balances in November: Accounts Payable Merchandise Inventory November 1 $51,180 $55,645 November 30
X Company, a merchandiser, prepares monthly financial statements. The following are account balances in November:
| Accounts Payable | Merchandise Inventory | |
| November 1 | $51,180 | $55,645 |
| November 30 | $75,529 | $43,804 |
In November, payments of Accounts Payable were $308,121, and Cost of Goods Sold was $344,311.
Assuming that all merchandise purchases were on account, what were merchandise purchases in November?
| Tries 0/3 |
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Business Ethics A Stakeholder And Issues Management Approach
Authors: Joseph W. Weiss
7th Edition
1523091541, 978-1523091546
