Question: Exercise 16-18B (Algo) Direct: Computing cash flows LO P5 Case X: Compute cash received from customers Sales $ 440,000 Accounts receivable, Beginning balance 55,000 Accounts
Exercise 16-18B (Algo) Direct: Computing cash flows LO P5 Case X: Compute cash received from customers Sales $ 440,000 Accounts receivable, Beginning balance 55,000 Accounts receivable, Ending balance 75,900 Case Y: Compute cash paid for rent Rent expense $ 123,200 Rent payable, Beginning balance 5,300 Rent payable, Ending balance 4,452 Case Z: Compute cash paid for inventory Cost of goods sold $ 526,000 Inventory, Beginning balance 163,060 Accounts payable, Beginning balance 68,485 Inventory, Ending balance 133,709 Accounts payable, Ending balance 84,921 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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