Exercise 12-18B (Algo) Direct: Computing cash flows LO P5 Case X: Compute cash received from...
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Exercise 12-18B (Algo) Direct: Computing cash flows LO P5 Case X: Compute cash received from customers Sales $ 470,000 Accounts receivable, Beginning balance 28,000 Accounts receivable, Ending balance 38,640 Case Y: Compute cash paid for rent Rent expense $ 132,200 Rent payable, Beginning balance 6,500 Rent payable, Ending balance 5,850 Case 2: Compute cash paid for inventory Cost of goods sold $ 585,000 Inventory, Beginning balance 181,350 Accounts payable, Beginning balance 76,167 Inventory, Ending balance 148,707 Accounts payable, Ending balance 94,447 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: Case Y: Case 2: Cash received from customers Cash paid for rent Cash paid for inventory
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