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LaRoe Lawns inventory increased during the year by $4.6 million. Its accounts payable increased by...

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Accounting

LaRoe Lawns inventory increased during the year by $4.6 million. Its accounts payable increased by $8.5 million during the same period. What is the amount of cash LaRoe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $32.0 million? Prepare a summary entry that represents the net effect of merchandise purchases during the reporting period.

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