Knowledge Check Lawn Butler's accounts payable decreased by $1,800 during June (from $3,900 to $2,100). Inventory decreased by $1,700 (from $5,400 to $3,700). Cost of goods sold is $55,800. How much cash is paid to suppliers? Cash paid to suppliers =$

Knowledge Check Lawn Butler's accounts payable decreased by $1,800 during June (from $3,900 to $2,100). Inventory decreased by $1,700 (from $5,400 to $3,700). Cost of goods sold is $55,800. How much cash is paid to suppliers? Cash paid to suppliers =$

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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Question

Knowledge Check

Lawn Butler's accounts payable decreased by $1,800 during June (from $3,900 to $2,100). Inventory decreased by $1,700 (from $5,400 to $3,700). Cost of goods sold is $55,800. How much cash is paid to suppliers?

Cash paid to suppliers =$

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