Determine the amount of cash paid to suppliers for each of the four independent situations below

Determine the amount of cash paid to suppliers for each of the four independent situations below.

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Situation Cost of Goods Sold Inventory Accounts Payable Cash Paid to Supplier

Increase Increase

(Decrease) (Decrease)

1 $290,000 $5,900 $0

2 $290,000 0 $6,900

3 $390,000 $5,900 $6,900

4 $390,000 ($5,900) ($6,900)

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