Determine the Amount of Cash Paid to Suppliers for Each

Essay

Determine the amount of cash paid to suppliers for each of the four independent situations below. $$\begin{array} { | l | l | l | l | l | } \hline \text { Situation } & \begin{array} { c } \text { Cost d } \\\text { goods } \\\text { sold }\end{array} & \begin{array} { c } \text { Inventory } \\\text { incr. } \\\text { (decr.) }\end{array} & \begin{array} { c } \text { Accounts } \\\text { payable } \\\text { incr. } \\\text { (decr.) }\end{array} & \begin{array} { l } \text { Cash paid } \\\text { to suppliers }\end{array} \\\hline 1 & \$ 300,000 & \$ 6,000 & \$ 0 & \$ \\\hline 3 & 300,000 & 0 & 7,000 & \$ \\\hline & 400,000 & 6,000 & 7,000 & \$ \\\hline 4 & 400,000 & ( 6,000 ) & ( 7,000 ) & \$ \\\hline\end{array}$$