Question: Exercise 12-18B (Algo) Direct: Computing cash flows LO P5 Case X: Compute cash received from customers Sales $ 580,000 Accounts receivable, Beginning balance 45,000 Accounts
Exercise 12-18B (Algo) Direct: Computing cash flows LO P5
| Case X: | Compute cash received from customers | |
|---|---|---|
| Sales | $ 580,000 | |
| Accounts receivable, Beginning balance | 45,000 | |
| Accounts receivable, Ending balance | 62,100 | |
| Case Y: | Compute cash paid for rent | |
| Rent expense | $ 126,200 | |
| Rent payable, Beginning balance | 12,450 | |
| Rent payable, Ending balance | 9,960 | |
| Case Z: | Compute cash paid for inventory | |
| Cost of goods sold | $ 735,000 | |
| Inventory, Beginning balance | 227,850 | |
| Accounts payable, Beginning balance | 95,697 | |
| Inventory, Ending balance | 186,837 | |
| Accounts payable, Ending balance | 118,664 |
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
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