Bckmon company reported net income of 805000 and , Financial Accounting

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Bckmon company reported net income of 805000 and

CASH PAYMENTS TO SUPPLIERS

Blackmon Company reported net income of $805,000 and cost of goods sold of $1,525,000 on its 2009 income statement. In addition, Blackmon reported an increase in inventory of $65,000, a decrease in prepaid insurance of $12,000, and a decrease in accounts payable of $51,000.

Required:

Compute the amount of cash payments to suppliers.

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Financial Accounting: Bckmon company reported net income of 805000 and

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Financial Accounting: Bckmon company reported net income of 805000 and

Reference No:- TGS01253118

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