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geooso1
Feb 25, 2010, 01:52 PM
The financial statement of a company shows the following. Cost of goods sold $725,000. Merchandise Inventory has a beginning balance of $45,000 and an ending balance of $56,000. Accounts receivable has a beginning balance of $53,000 and an ending balance of $50,000. Accounts payable has a beginning balance of $37,000 and an ending balance of $42,000. What is the cash paid for merchandise?

A. $731,000

B. $736,000

C. $719,000

D. $714,000

morgaine300
Feb 26, 2010, 10:02 PM
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