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Calculate the cash paid for merchandise

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Question - Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.

Cost of good sold $ 227,000

Merchandise inventory, January 1 55,800

Merchandise inventory, December 31 58,300

Accounts payable, January 1 55,300

Accounts payable, December 31 60,800

$224,000.

$230,000.

$235,000.

$227,000.

$219,000.

Reference no: EM132000698

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