3 a Did the Companys Trade accounts payable increase or decrease over the last

3 a did the companys trade accounts payable increase

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3. (a) Did the Company’s “Trade accounts payable” increase or decrease over the last year? “Trade accounts payable” has decreased over the last year. (b) Were there more debits or credits to the Company’s trade accounts payable during 2014? There were more debits in Company's “Trade accounts payable” during 2014. This lead to decreases the “Trade accounts payable”. 4. (a) Did the Company’s “Net sales” increase or decrease over the last year?
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5. (a) Did the Company’s “Interest Expense” increase or decrease over the last year? 6. Assume that, during 2014, the Company purchased an additional $38.3 million in raw materials inventory for cash. Write the journal entry necessary to record this transaction.
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