Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.
Cost of goods sold $ 805,000
Merchandise inventory, January 1 98,700
Merchandise inventory, December 31 95,000
Accounts payable, January 1 62,900
Accounts payable, December 31 70,000
Multiple Choice
a) $794,200.
b) $794,900.
c) $801,300.
d) $808,700.
e) $809,100.
