Question: Case X: Case Y: Case 2: Compute cash received from customers Sales Accounts receivable, Beginning balance. Accounts receivable, Ending balance Compute cash paid for rent
Case X: Case Y: Case 2: Compute cash received from customers Sales Accounts receivable, Beginning balance. Accounts receivable, Ending balance Compute cash paid for rent Rent expense Rent payable, Beginning balance Rent payable, Ending balance Compute cash paid for inventory Cost of goods sold Accounts payable, Beginning balance. Inventory, Beginning balance Inventory, Ending balance Accounts payable, Ending balance. $630,000 57,000 78,660 $136,500 5,500 4,730 $ 482,000 149,420 62,756 122,524 77,817 For each of the above three separate cases, use the information provided about the current-year operations of Sahim Company to compute the required cash flow information. Assume all purchases and sales of inventory are on credit Case X: Cash received from customers Case Y Cash paid for rent Case Z Cash paid for inventory
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