Assume cash paid to suppliers for 2011 is $420,000, that merchandise inventory increased by $20,000 during the year, and that cost of goods sold was $415,000 for 2011.
Calculate the net change in accounts payable during 2011.

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The Answer of Assume cash paid to suppliers for 2011 is $420,000, that merchandise inventory increased by $20,000 during the year, and that cost of goods sold was $415,000 for 2011.
Calculate the net change in accounts payable during 2011.

Assume Cash Paid to Suppliers for 2011 Is $420,000, That