During 20x2, Union Chemical Company had cost of goods sold of (3,800,000). The ending balance of LO
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During 20x2, Union Chemical Company had cost of goods sold of \(3,800,000\). The ending balance of LO 4 Cash Payments for Purchases Inventory was 510,000 in \(20 \times 1\) and 420,000 in \(20 \times 2\). The ending balance of Accounts Payable was 360,000 in \(20 \times 1\) and 480,000 in 20x2. Calculate cash payments for purchases in \(20 \times 2\).
LO 4 Cash Payments for
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Related Book For
Financial Accounting A Global Approach
ISBN: 9780395839867
1st Edition
Authors: Sidney J. Gray, Belverd E. Needles
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