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Use the Information Provided to Calculate the Missing Cash Paid

Question 201

Essay

Use the information provided to calculate the missing cash paid for merchandise for the period.
 Accounts payable, beginning-year 60,000 Cost af goods sold 244,000 Merchandise inventory, beginning-year 35,000 Merchandise inventory, year-end 40,500 Accounts payable, year-end 64,800 Cash paid for merchandist \begin{array} { l | | l } \text { Accounts payable, beginning-year } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 60,000 \\\hline \text { Cost af goods sold } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 244,000 \\\hline \text { Merchandise inventory, beginning-year } \ldots \ldots \ldots \ldots \ldots \ldots & 35,000 \\\hline \text { Merchandise inventory, year-end } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 40,500 \\\hline \text { Accounts payable, year-end } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 64,800 \\\hline \text { Cash paid for merchandist } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots &\end{array}

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