The general ledger of AXM, Inc., provides the following information relating to purchases of merchandise. End of Beginning of Year Year Inventory Accounts payable to merchandise suppliers $ 820,000 430, 000 $ 780,000 500,000 The company's cost of goods sold during the year was $2,882,000. Compute the amount of cash payments made during the year to suppliers of merchandise. Cash payments to suppliers of merchandise

Refer to the following selected financial information from Texas Electronics. Compute the company's acid-test ratio for Year 2. Year 2 $ 38,400 Year 1 $ 33,150 64,500 99,000 90,000 84,000 125,500 129,500 13,000 10,600 392,500 342,500 108,900 112,300 715,500 680,500 394,500 379,500 Cash Short-term investments. Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales. Cost of goods sold

how do you record line i.

Code 71046