Cost of goods sold reported on the income statement was $178,270. The accounts payable balance increased $7,390, and the
Posted: Mon May 30, 2022 8:17 am
Cost of goods sold reported on the income statement was
$178,270. The accounts payable balance increased $7,390, and the
inventory balance increased by $6,680 over the year. Determine the
amount of cash paid for merchandise.
$178,270. The accounts payable balance increased $7,390, and the
inventory balance increased by $6,680 over the year. Determine the
amount of cash paid for merchandise.