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Compute bonita cash payments to suppliers

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Reference no: EM132121380

Question - Bonita Corporation had January 1 and December 31 balances as follows.

1/1/17 12/31/17

Inventory $90,000 $109,000

Accounts payable 53,000 62,000

For 2017, cost of goods sold was $441,000.

Compute Bonita's 2017 cash payments to suppliers.

Reference no: EM132121380

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