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Goldman Corp How Much Cash Was Paid for Merchandise Purchases During 2017

question 155

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Goldman Corp.reported the following information for 2016 and 2017. ?  Accounts payable, December 31,2016 $51,000 Accounts payable, December 31,201746,000 Purchases-2017 467,000\begin{array}{lr}\text { Accounts payable, December 31,2016 } & \$ 51,000 \\\text { Accounts payable, December } 31,2017 & 46,000 \\\text { Purchases-2017 } & 467,000\end{array} How much cash was paid for merchandise purchases during 2017?

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