The Flower Company began the accounting period with an $80,000 credit balance in its Accounts…

 
   

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The Flower Company began the accounting period with an $80,000 credit balance in its Accounts Payable account. During the accounting period, Flower Co. incurred expenses on account of $190,000. The ending Accounts Payable balance was $56,000. Required Based on this information, determine the amount of cash outflow for expenses during the accounting period.View Solution:
The Flower Company began the accounting period with an 80 000