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  3. use the following information about the current ye

Use the following information about the current year's operations of a company to calculate the...

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Accounting

Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.

Cost of goods sold.. $ 735,000
Merchandise inventory, January 1. 84,700
Merchandise inventory, December 31 82,400
Accounts payable, January 1. 54,500
Accounts payable, December 31.. 60,200

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