LaRoe Lawns' Inventory increased during the year by $6.1 million. Its accounts payable increased by $6.7 million during the same period
Required: What is the amount of cash LaRoe paid to suppliers of merchandise during the reporting period of its cost of goods sold was $51 million?
Prepare a summary entry that represents the net effect of merchandise purchases during the reporting period.
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Cash Paid General
What is the amount of cash LaRoe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $51 million?
(Enter your answer in millions rounded to 1 decimal place (le, 5,500,000 should be entered as 5.5).)
