If the Cost of Sales for the year 2023 is $104,914 and nventories Balance: $18,885 in Year 2023 and $ 37,619 in Year 2022 Account Payable Balance: $39,067in Year 2023 and $ 46,185 in year 2022 What is total payment for inventories during the year 2023? lease do not put $ sign in your answer)

If the Cost of Sales for the year 2023 is $104,914 and nventories Balance: $18,885 in Year 2023 and $ 37,619 in Year 2022 Account Payable Balance: $39,067in Year 2023 and $ 46,185 in year 2022 What is total payment for inventories during the year 2023? lease do not put $ sign in your answer)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Leasing

Leasing is a contractual arrangement in which someone (a lessee) pays the owner (or lessor) of a building, land, vehicle, or other asset for the use of that asset. The lease is the agreement between lessee and lessor.

Question

If the Cost of Sales for the year 2023 is $104,914 and
Inventories Balance:
$18,885 in Year 2023 and $ 37,619 in Year 2022
Account Payable Balance: $39,067in Year 2023 and $ 46,185 in year 2022
What is total payment for inventories during the year 2023?
(Please do not put $ sign in your answer)

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