Saxton Incorporated reports a decrease in Accounts Receivabl…
Saxton Incorporated reports a decrease in Accounts Receivable of $10,000, an increase in Accounts Payable of $6,000, and a increase in inventory of $45,000 for the current year. Accounts Payable relates solely to the purchase of merchandise. Sales on account were $625,000 and cost of goods sold was $355,000. The total cash paid to suppliers for the period was: