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Category > Accounting Posted 25 May 2017 My Price 4.00

The general ledger of MPX, inc provides the following information relating

The general ledger of MPX, inc provides the following information relating to purchases of merchandis: End of year Inventory was $820,000, Accounts payable to merchandise suppliers was $430,000, Begining of year, Invertory was $780,000, and accounts payable to merchandise suppliers was $500,000. The company cost of goods sold for the year was $2.975,000. compute the amount of cash payments made during the year to suppliers of merchandise.

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Alpha Geek
(8)
Status NEW Posted 25 May 2017 12:05 PM My Price 4.00

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Attachments

file 1495715976-384794_1_636312001311720745_384794.xlsx preview (78 words )
Th-----------e g-----------ene-----------ral----------- le-----------dge-----------r o-----------f M-----------PX,----------- in-----------c p-----------rov-----------ide-----------s t-----------he -----------fol-----------low-----------ing----------- in-----------for-----------mat-----------ion----------- re-----------lat-----------ing----------- to----------- pu-----------rch-----------ase-----------s o-----------f m-----------erc-----------han-----------dis-----------: E-----------nd -----------of -----------yea-----------r I-----------nve-----------nto-----------ry -----------was----------- $8-----------20,-----------000-----------, A-----------cco-----------unt-----------s p-----------aya-----------ble----------- to----------- m-----------erc-----------han-----------dis-----------e s-----------upp-----------lie-----------rs -----------was----------- $4-----------30,-----------000-----------, B-----------egi-----------nin-----------g o-----------f y-----------ear-----------, I-----------nve-----------rto-----------ry -----------was----------- $7-----------80,-----------000-----------, a-----------nd -----------acc-----------oun-----------ts -----------pay-----------abl-----------e t-----------o m-----------erc-----------han-----------dis-----------e s-----------upp-----------lie-----------rs -----------was----------- $5-----------00,-----------000-----------. T-----------he -----------com-----------pan-----------y c-----------ost----------- o-----------f g-----------ood-----------s s-----------old----------- fo-----------r t-----------he -----------yea-----------r w-----------as -----------$2.-----------975-----------,00-----------0. -----------com-----------put-----------e t-----------he -----------amo-----------unt----------- of----------- ca-----------sh -----------pay-----------men-----------ts -----------mad-----------e d-----------uri-----------ng -----------the----------- ye-----------ar -----------to -----------sup-----------pli-----------ers-----------
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