Use the Information Provided to Calculate the Missing Cash Paid

question 144

Essay

Use the information provided to calculate the missing cash paid for merchandise for the period.
$\begin{array}{|l|c|}\hline \text { Accounts payable, beginning-year} & \$ 60,000 \\\hline \text { Cost of goods sold. } & 244,000 \\\hline \text { Merchandise inventory, beginning-year } & 35,000 \\\hline \text { Merchandise inventory, year-end} & 40,500 \\\hline \text { Accounts payable, year-end. } & 64,800 \\\hline\text { Cash paid for merchandise }\\\hline\end{array}$

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