Question

Here are data for Badger Company for the month of June: Sales $158,000 Cost of goods...

Here are data for Badger Company for the month of June:

Sales $158,000

Cost of goods sold $109,000

Inventory Decreased $15,600

Accounts payable Increased $6,100

What amount of cash payments did Badger make to its suppliers of inventory during June?

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Answer #1

Answer------------$87,300

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Cash payments for merchandise
Cost of goods sold $      109,000.00
Less: Decrease in Inventory $      (15,600.00)
Net purchases $        93,400.00
Less: Increase in Accounts payable $        (6,100.00)
Cash payments for merchandise $        87,300.00
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