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Compute cash payments to suppliers and cash payments

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Question - The income statement for Bonita Company showed cost of goods sold of $85,700 and operating expenses of $66,900. The comparative balance sheets for the year show that inventory decreased $6,900, prepaid expenses increased $8,900, accounts payable increased $4,900, and accrued expenses payable decreased $6,900. Compute cash payments to suppliers and cash payments for operating expenses using the direct method.

Reference no: EM133098594

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