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What the cash paid to merchandise supplies during the year

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Question - Company A is a merchandiser, Accounts payable is only used for inventory purchases. The following information was available for the company's current tear operations:

Cost of goods sold $326,000

Beginning merchandise inventory 64,500

Ending merchandise inventory 47,000

Beginning accounts payable $54,000

Ending accounts payable $61,200

Required - What the cash paid to merchandise supplies during the year?

Reference no: EM133152251

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