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What amount of cash was paid for merchandise

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Problem 1: The following information is available for Eclectic Lighting. What amount of cash was paid for merchandise in? 2018?

Cost of goods sold                      $852,000
Merchandise? inventory, 12/31/17     143,000
Merchandise? inventory, 12/31/18         114,000
Accounts? Payable, 12/31/17            100,000
Accounts? Payable, 12/31/18              95,000

Reference no: EM132816325

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