Question - Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.
Cost of good sold $ 227,000
Merchandise inventory, January 1 55,800
Merchandise inventory, December 31 58,300
Accounts payable, January 1 55,300
Accounts payable, December 31 60,800
$224,000.
$230,000.
$235,000.
$227,000.
$219,000.