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Compute the cash payments to suppliers

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Question - Computation of Operating Activities-Direct Method

Situation: The income statement for Edgebrook Company shows cost of goods sold $310,000 and operating expenses (exclusive of depreciation) $230,000. The comparative balance sheet for the year shows that inventory increased $21,000, prepaid expenses decreased $8,000, accounts payable (related to merchandise) decreased $17,000, and accrued expenses payable increased $11,000.

Instructions - Compute the cash payments to suppliers.

Reference no: EM131829973

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Compute the cash payments to suppliers : The income statement for Edgebrook Company shows cost of goods sold $310,000, Compute the cash payments to suppliers
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