Laroe lawns’ inventory increased during the year by $6 million. its accounts payable increased by $5 million during the same period. what is the amount of cash laroe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $25 million? prepare a summary entry that represents the net effect of merchandise purchases during the reporting period.

On july 7, you purchased 500 shares of wagoneer, inc. stock for $21 a share. on august 1, you sold 200 shares of this stock for $28 a share. you sold an additional 100 shares on august 17 at a price of $25 a share. the company declared a $0.95 per share dividend on august 4 to holders of record as of wednesday, august 15. this dividend is payable on september 1. how much dividend income will you receive on september 1 as a result of your ownership of wagoneer stock