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What is the amount of cash laroe paid to suppliers

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Reference no: EM131008319

1. LaRoe Lawns' inventory increased during the year by $6 million. Its accounts payable increased by $5 million during the same period. What is the amount of cash LaRoe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $25 million? Prepare a summary entry that represents the net effect of merchandise purchases during the reporting period.

Reference no: EM131008319

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