Knowledge Check Lawn Butler's accounts payable decreased by $1,800 during June (from $3,900 to $2,100). Inventory decreased by $1,700 (from $5,400 to $3,700). Cost of goods sold is $55,800. How much cash is paid to suppliers? Cash paid to suppliers =$
Knowledge Check Lawn Butler's accounts payable decreased by $1,800 during June (from $3,900 to $2,100). Inventory decreased by $1,700 (from $5,400 to $3,700). Cost of goods sold is $55,800. How much cash is paid to suppliers? Cash paid to suppliers =$
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter5: Inventories And Cost Of Goods Sold
Section: Chapter Questions
Problem 5.26MCE
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Lawn Butler's accounts payable decreased by $1,800 during June (from $3,900 to $2,100). Inventory decreased by $1,700 (from $5,400 to $3,700). Cost of goods sold is $55,800. How much cash is paid to suppliers?
Cash paid to suppliers =$
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