Bridgeport Corporation had January 1 and December 31 balances as follows. 1/1/20 12/31/20 $78,000 $93,000 Inventory Accounts payable 59,000 66,000 For 2020, cost of goods sold was $486,000. Compute Bridgeport's 2020 cash payments to suppliers. Cash payments to suppliers $ 93000

Bridgeport Corporation had January 1 and December 31 balances as follows. 1/1/20 12/31/20 $78,000 $93,000 Inventory Accounts payable 59,000 66,000 For 2020, cost of goods sold was $486,000. Compute Bridgeport's 2020 cash payments to suppliers. Cash payments to suppliers $ 93000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

Bridgeport Corporation had January 1 and December 31 balances as follows.
1/1/20 12/31/20
$78,000 $93,000
Inventory
Accounts payable 59,000 66,000
For 2020, cost of goods sold was $486,000.
Compute Bridgeport's 2020 cash payments to suppliers.
Cash payments to suppliers $
93000

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