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LaRoe Lawns' inventory increased during the year by $4.6 million. Its accounts payable increased by $8.5 million during the same period. Required: What is the amount of cash LaRoe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $32 million? Prepare a summary entry that represents the net effect of merchandise purchases during the reporting period. Complete this question by entering your answers in the tabs below. Cash Paid General Journal What is the amount of cash LaRoe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $32 million? (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Cash million Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,300 million on July 1, 2021, at a price of $1,200 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semi-annually on June 30 and December 31. Required: Prepare the journal entry to record interest at the effective interest rate at December 31. What would be the amount(s) related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2021, if it uses the direct method? Complete this question by entering your answers in the tabs below. General Journal Cash Paid Prepare the journal entry to record interest at the effective interest rate at December 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

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