Determine the amount of cash paid to suppliers for each of the four independent situations below.
$$\begin{array} { c c c c c }
\text { Situation } & \begin{array} { c }
\text { Cost of } \
\text { goods sold }
\end{array} & \text { Inventory } & \begin{array} { c }
\text { Accounts } \
\text { payable }
\end{array} & \text { Cash paid to suppliers } \
1 & \$ 300,000 & \$ 6,000 & \$ \quad 0 & \$ \
2 & 300,000 & 0 & 7,000 & \$ \
3 & 400,000 & 6,000 & 7,000 & \$ \
4 & 400,000 & ( 6,000 ) & ( 7,000 ) & \$
\end{array}$$

Question

Determine the amount of cash paid to suppliers for each of the four independent situations below.
 $$\begin{array} { c c c c c } 
\text { Situation } & \begin{array} { c } 
\text { Cost of } \
\text { goods sold }
\end{array} & \text { Inventory } & \begin{array} { c } 
\text { Accounts } \
\text { payable }
\end{array} & \text { Cash paid to suppliers } \
1 & \$ 300,000 & \$ 6,000 & \$ \quad 0 & \$ \
2 & 300,000 & 0 & 7,000 & \$ \
3 & 400,000 & 6,000 & 7,000 & \$ \
4 & 400,000 & ( 6,000 ) & ( 7,000 ) & \$
\end{array}$$

Quizplus · Accepted Answer

The Answer of Determine the amount of cash paid to suppliers for each of the four independent situations below.
 $$\begin{array} { c c c c c } 
\text { Situation } & \begin{array} { c } 
\text { Cost of } \
\text { goods sold }
\end{array} & \text { Inventory } & \begin{array} { c } 
\text { Accounts } \
\text { payable }
\end{array} & \text { Cash paid to suppliers } \
1 & \$ 300,000 & \$ 6,000 & \$ \quad 0 & \$ \
2 & 300,000 & 0 & 7,000 & \$ \
3 & 400,000 & 6,000 & 7,000 & \$ \
4 & 400,000 & ( 6,000 ) & ( 7,000 ) & \$
\end{array}$$

Determine the Amount of Cash Paid to Suppliers for Each