The financial statements for World Company show the following: Cost of goods sold, $728,000. Beginning Balance Ending Balance Merchandise Inventory $ 45,300 $ 56,600 Accounts Receivable 53,600 50,300 Accounts Payable 37,300 42,600 How much cash was paid to suppliers? Multiple Choice $722,000. $716,700. $739,300. $734,000.
The financial statements for World Company show the following: Cost of goods sold, $728,000. Beginning Balance Ending Balance Merchandise Inventory $ 45,300 $ 56,600 Accounts Receivable 53,600 50,300 Accounts Payable 37,300 42,600 How much cash was paid to suppliers? Multiple Choice $722,000. $716,700. $739,300. $734,000.
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 24EA: Post the following November transactions to T-accounts for Accounts Payable and Inventory,...
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The financial statements for World Company show the following:
Cost of goods sold, $728,000.
Beginning Balance | Ending Balance | |||||
Merchandise Inventory | $ | 45,300 | $ | 56,600 | ||
53,600 | 50,300 | |||||
Accounts Payable | 37,300 | 42,600 | ||||
How much cash was paid to suppliers?
Multiple Choice
-
$722,000.
-
$716,700.
-
$739,300.
-
$734,000.
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