Dyna Corporation had cost of goods sold of $300000 for the current year ended December 31 and an ending inventory balance of $50000. The beginning balances in inventory and accounts payable were $20,000 and $16,000, respectively. Dyna finances 80 percent of its inventory purchases with trade accounts payable, incurs purchase ratably throughout the year, and consistently pays for its purchases 30 days after acquisition. What was the amount of cash paid on accounts payable during the year ended December 31?
Dyna Corporation had cost of goods sold of $300000 for the current year ended December 31and an ending inventory balance of $50000. The beginning balances in inventory and accountspayable were…
They have a magnificent team. These people are always kind and willing to listen to your concerns or issues. Better yet, your assignment is always ready before the time, they usually send you a draft to double-check before they finalize your paper.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more