Arena Inc. uses direct message to prepare a statement of cash flows. Use the following information reported for 2019 to compute the amount of cash paid for merchandise inventory. Cost of good sold $133,000 Merchandise inventory beginning balance $29,000 Merchandise inventory ending balance $68,000 Accounts payable, beginning balance $7800 Accounts payable ending balance $5200 

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Arena Inc. uses direct message to prepare a statement of cash flows. Use the following information reported for 2019 to compute the amount of cash paid for merchandise inventory. Cost of good sold $133,000 Merchandise inventory beginning balance $29,000 Merchandise inventory ending balance $68,000 Accounts payable, beginning balance $7800 Accounts payable ending balance $5200 
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