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Business, 21.08.2019 23:10 suewignall

Laroe lawns’ inventory increased during the year by $6 million. its accounts payable increased by $5 million during the same period. what is the amount of cash laroe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $25 million? prepare a summary entry that represents the net effect of merchandise purchases during the reporting period.

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Laroe lawns’ inventory increased during the year by $6 million. its accounts payable increased by $5...
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