Question: Case X: Compute cash received from customers Sales $ 7 7 0 , 0 0 0 Accounts receivable, Beginning balance 6 0 , 0 0
Case X: Compute cash received from customers
Sales $
Accounts receivable, Beginning balance
Accounts receivable, Ending balance
Case Y: Compute cash paid for rent
Rent expense $
Rent payable, Beginning balance
Rent payable, Ending balance
Case Z: Compute cash paid for inventory
Cost of goods sold $
Inventory, Beginning balance
Accounts payable, Beginning balance
Inventory, Ending balance
Accounts payable, Ending balance
For each of the above three separate cases, use the information provided about the currentyear operations of Sahim Company to compute the required cash flow information. Assume all purchases and sales of inventory are on credit.
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