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What is the amount of geographic cash payments

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Geographic Enterprise's Inventory account decreased by $37,500 and its Accounts Payable account (which relates solely to the purchase of merchandise) decreased by $13,750 during the year. Geographic also reported sales of $856,000 and cost of goods sold of $590,600 during the same period. The company always purchases inventory on account during the year.

Question 1: What is the amount of Geographic's cash payments to its suppliers for inventory during the year?

Reference no: EM132523894

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