Check my work 7 For each of the five independent situations below, prepare a journal entry that summarizes the purchases

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Check My Work 7 For Each Of The Five Independent Situations Below Prepare A Journal Entry That Summarizes The Purchases 1 (140.97 KiB) Viewed 59 times

Check my work 7 For each of the five independent situations below, prepare a journal entry that summarizes the purchases, sales, and payments related to inventories in order to determine the amount of cash paid to suppliers. All dollars are in millions. 7 points Complete this question by entering your answers in the tabs below. Skipped Cash Paid to Supp General Journal eBook Calculate the amount of cash paid to suppliers for each situation. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Print References Situation Cost of Goods Sold Inventory Increase (Decrease) Accounts Payable Increase (Decrease) Cash Paid to Suppliers 1 275 0 0 2 275 8.9 0 3 275 0 14.2 4 275 8.9 14.2 5 275 (8.9) (14.2) Cash Paid to Sunn General lournal