Solved: What amount of cash did snowmass pay to suppliers, Accounting Basics

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What amount of cash did snowmass pay to suppliers

Problem:

Cost of goods sold for Snowmass Construction Company during 20X1 was $410,000. Beginning inventory was $95,000 and ending inventory was $120,000. Beginning trade accounts payable were $24,000, and ending trade accounts payable were $51,000. What amount of cash did Snowmass pay to suppliers?

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Accounting Basics: What amount of cash did snowmass pay to suppliers

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