Bramble Corporation had January 1 and December 31 balances as follows. Inventory Accounts payable 1/1/20 $90,000 47,000 Cash payments to suppliers For 2020, cost of goods sold was $597,000. Compute Bramble's 2020 cash payments to suppliers. $ tA 12/31/20 $105,000 56,000
Bramble Corporation had January 1 and December 31 balances as follows. Inventory Accounts payable 1/1/20 $90,000 47,000 Cash payments to suppliers For 2020, cost of goods sold was $597,000. Compute Bramble's 2020 cash payments to suppliers. $ tA 12/31/20 $105,000 56,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bramble Corporation had January 1 and December 31 balances as follows.
1/1/20
Inventory
$90,000
Accounts payable 47,000
12/31/20
For 2020, cost of goods sold was $597,000.
Cash payments to suppliers
$105,000
56,000
Compute Bramble's 2020 cash payments to suppliers.
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