1. The following information was taken from the 2012 annual report of Bed Bath &...
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Accounting
1. The following information was taken from the 2012 annual report of Bed Bath & Beyond, a leading house hold retailer (dollars in thousand):
2011
COGS: 5,568,957
Inventory: 2,071,890
Accounts Payable: 752,064
2012
COGS: 6,525,880
Inventory: 2,466,264
Accounts Payable: 913,365
Assume that accounts payable reflects only accounts with inventory suppliers, and compute the cash payments made to suppliers during 2012. Show the Taccount for Accounts Payable.
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