Cost of Goods Financial Statements
1. The financial statement for a company shows the following: Cost of good sold $750,000. Merchandise Inventory has a beginning balance of $45,000 and ending balance of $45,000. Account Receivable has a beginning balance of %53,000 and an ending balance of $50,000. Accounts payable has a beginning balance of $37,000 and an ending balance of $42,000. What is the cash paid for merchandise?