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Other Fields Homework Help Accounting Topic started by: H3Ko on Sep 4, 2016



Title: Merchandise Inventory increased $28,000 and Accounts Payable decreased $19,600 during the year. ...
Post by: H3Ko on Sep 4, 2016
Merchandise Inventory increased $28,000 and Accounts Payable decreased $19,600 during the year.  Accounts Payable relates only to the acquisition of merchandise inventory. Sales were $796,000 and Cost of Goods Sold was $549,700. Compute the payment made to the suppliers.
A) $577,700
B) $47,600
C) $569,300
D) $597,300


Title: Re: Merchandise Inventory increased $28,000 and Accounts Payable decreased $19,600 during the year. ...
Post by: Mrgo-breed on Sep 4, 2016
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Title: Re: Merchandise Inventory increased $28,000 and Accounts Payable decreased $19,600 during the year. ...
Post by: H3Ko on Oct 12, 2016
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right


Title: Re: Merchandise Inventory increased $28,000 and Accounts Payable decreased $19,600 during the year. ...
Post by: Mrgo-breed on Oct 16, 2016
Excellent :)