Question: Exercise 16-18B (Static) Direct: Computing cash flows LO P5 Case X: Case Y: Case Z: Compute cash received from customers Sales Accounts receivable, Beginning
Exercise 16-18B (Static) Direct: Computing cash flows LO P5 Case X: Case Y: Case Z: 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 $ 515,000 27,200 33,600 $ 139,800 7,800 6,200 $ 525,000 158,600 66,700 130,400 82,000 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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