Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold$735,000 Merchandise inventory, January 1 84,700 Merchandise inventory, December 31 82,400 Accounts payable, January 1 54,500 Accounts payable, December 31 60,200
A. $737,300.
B. $732,700.
C. $727,000.
D. $726,300.
E. $737,700.
Answer: C
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