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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 $ 790,000 Merchandise inventory, January 1 95,700 Merchandise inventory, December 31 92,300 Accounts payable, January 1 61,100 Accounts payable, December 31 67,900

Multiple Choice

$780,200.

$793,800.

$786,600.

$793,400.

$779,800.

Answer & Explanation Solved by verified expert
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