Cash Payments to Suppliers
Blackmon Company reported net income of $805,000 and cost of goods sold of $1,525,000 on its 2019 income statement. In addition, Blackmon reported an increase in inventory of $65,410, a decrease in prepaid insurance of $1 2,800, and a decrease in accounts payable of $43,190.
Required:
Compute the amount of cash payments to suppliers using the direct method.
Corporate Financial Accounting
Financial & Managerial Accounting
Accounting Information Systems
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Essentials of Business Communication (MindTap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Probability and Statistics for Engineering and the Sciences
Principles of Economics (MindTap Course List)
Foundations of Business (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Financial And Managerial Accounting
Database Systems: Design, Implementation, & Management
Database Systems: Design, Implementation, & Management
A Guide to SQL
Fundamentals of Information Systems
Principles of Information Systems (MindTap Course List)
Fundamentals of Information Systems
Principles of Information Security (MindTap Course List)
Precision Machining Technology (MindTap Course List)
Fundamentals of Geotechnical Engineering (MindTap Course List)
Automotive Technology: A Systems Approach (MindTap Course List)
Mechanics of Materials (MindTap Course List)
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
Principles of Information Systems (MindTap Course List)
Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)
Management Of Information Security
Electric Motor Control
Fundamentals of Chemical Engineering Thermodynamics (MindTap Course List)
EBK ELECTRICAL WIRING RESIDENTIAL
International Edition---engineering Mechanics: Statics, 4th Edition
Principles of Geotechnical Engineering (MindTap Course List)
Solid Waste Engineering
Steel Design (Activate Learning with these NEW titles from Engineering!)
Automotive Technology
Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)
Network+ Guide to Networks (MindTap Course List)
Structural Analysis
Cornerstones of Cost Management (Cornerstones Series)
Financial Accounting
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27
Intermediate Accounting: Reporting And Analysis
Survey of Accounting (Accounting I)
Managerial Accounting
Financial & Managerial Accounting
Corporate Financial Accounting
College Accounting (Book Only): A Career Approach
Managerial Accounting: The Cornerstone of Business Decision-Making
College Accounting (Book Only): A Career Approach
Financial Accounting
Accounting Information Systems
Accounting (Text Only)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Macroeconomics
Management, Loose-Leaf Version
Contemporary Marketing
Essentials of Economics (MindTap Course List)
Economics For Today
Purchasing and Supply Chain Management
Fundamentals of Financial Management (MindTap Course List)
Practical Management Science
Principles of Microeconomics
Macroeconomics: Private and Public Choice (MindTap Course List)
Micro Economics For Today
Microeconomics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
Economics (MindTap Course List)
MKTG 12:STUDENT ED.-TEXT
MACROECONOMICS FOR TODAY
Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Understanding Management (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD