For each of the following three separate cases, use the information provided about the calendar-year 2018 operations
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For each of the following three separate cases, use the information provided about the calendar-year 2018 operations of Sahim Company to compute the required cash flow information.
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Case X: Compute cash received from customers: Sales $515,000 Accounts receivable, December 31, 2017 27,200 Accounts receivable, December 31, 2018. 33,600 Case Y: Compute cash paid for rent: Rent expense... $139,800 Rent payable, December 31, 2017. 7,800 Rent payable, December 31, 2018. 6,200 Case Z: Compute cash paid for inventory: Cost of goods sold...... $525,000 Inventory, December 31, 2017 158,600 Accounts payable, December 31, 2017 66,700 Inventory, December 31, 2018.... Accounts payable, December 31, 2018 130,400 82,000
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Related Book For
Financial And Managerial Accounting Information For Decisions
ISBN: 9781259726705
7th Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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