The following information was taken from the 2012 annual, Ask an Expert

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The following information was taken from the 2012 annual report of Bed Bath & Beyond, a leading house hold retailer (dollars in thousand):

2011

COGS: 5,568,957

Inventory: 2,071,890

Accounts Payable: 752,064

2012

COGS: 6,525,880

Inventory: 2,466,264

Accounts Payable: 913,365

Assume that accounts payable reflects only accounts with inventory suppliers, and compute the cash payments made to suppliers during 2012. Show the T-account for Accounts Payable.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92047037

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