The Gap purchased inventories totaling $10,061 million during fiscal 2015. Use the financial statement effects template to record cost of goods sold for The Gap's fiscal year ended 2015. (Assume accounts payable is used only for recording purchases of inventories and all inventories are purchasd on credit.) b. What amount did the company pay to suppliers during the year? Record this with the financial statement effects template.
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The Gap purchased inventories totaling $10,061 million during fiscal 2015. Use the financial stateme...
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