Use the following information about the current year's operations
Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.,
Cost of good sold $ 227,000 ,
Merchandise inventory, January 1 55,800 ,
Merchandise inventory, December 31 58,300 ,
Accounts payable, January 1 55,300 ,
Accounts payable, December 31 60,800 ,
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