Use the following information about the current year operations of a company to calculate the...
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Accounting
Use the following information about the current year operations of a company to calculate the cash paid for merchandise. Cost of goods sold $ 750,000 Merchandise inventory, January 1 87,700 Merchandise inventory, December 31 85,100 Accounts payable, January 1 56,300 Accounts payable, December 31 62,300
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