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Inferring Transactions from Financial Statements that all purchases were made on account. The...

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Accounting

image Inferring Transactions from Financial Statements that all purchases were made on account. The following T-accounts reflect information contained in the company's 2017 and 2016 balance sheets (in millions). a. Prepare the entry, using the financial statement effects template and in journal entry form, to record cost of goods sold for the year ended December 312017 c. What amount did Amazon pay in cash to its suppliers for the year ended December 31, 2017

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