Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold$226,000 Merchandise inventory, January 1 54,800 Merchandise inventory, December 31 57,400 Accounts payable, January 1 54,400 Accounts payable, December 31 59,800
A. $234,000.
B. $223,200.
C. $218,000.
D. $228,800.
E. $220,000.
Answer: B
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