the amount of cash payments to suppliers for merchandise during the period is 610985

The following data relate to the Greg Norman Corporation:

Beginning inventory

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$14,000

Ending inventory

12,000

Beginning accounts payable (for merchandise)

2,200

Ending accounts payable (for merchandise)

1,600

Cost of goods sold (accrual basis)

92,000

The amount of cash payments to suppliers for merchandise during the period is:

  1. $94,600.
  2. $93,400.
  3. $90,600.
  4. $89,400.
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