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Unformatted text preview: $2,100. COGS was $8,400 during the year. How much cash was paid for A/P this year? = 8900 Inventory Accounts Payable Examples Emerys Auto Shop starts with A/R of $9K. At year end, A/R is $11K. Credit sales totaled $97K for the year. How much cash does Emery collect during the year from credit sales? Accounts Receivable...
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- Spring '08
- Financial Accounting