Stepping Out Shoe Mfg.has inventory purchases of $2,200 during the month of June.If the June 1 accounts payable was $1,700 and June 30 accounts payable was $1,900, what was the cash payment?

Name: Stepping Out Shoe Mfg.has inventory purchases of $2,200 during the month of June.If the June 1 accounts payable was $1,700 and June 30 accounts payable was $1,900, what was the cash payment?
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Quizplus · Accepted Answer

Cash payment = $1,700 + $2,200 - $1,900 = $2,000