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Compute Waterway cash payments to suppliers

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

 

1/1/17

12/31/17

Inventory

$105,000

$124,000

Accounts payable

$73,000

$81,000

For 2017, cost of goods sold was $493,000.

Required - Compute Waterway's 2017 cash payments to suppliers.

Reference no: EM132587120

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