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Question
A company had cost of goods sold of $150,000 during a given period. Compute cash paid for merchandise during this period given the following data:
| Beginning Balance | Ending Balance | |
| Accounts payable | $20,000 | $17,500 |
| Merchandise inventory | 35,000 | 42,000 |
A. $145,500
B. $159,500
C. $140,500
D. $154,500
E. $157,000
Answer
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Related questions
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Q:
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