For each of the following three separate cases, use the information provided about the calendar-year Computation of
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For each of the following three separate cases, use the information provided about the calendar-year Computation of cash 2005 operations of Sahim Company to compute the required cash flow information:
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Case A: Compute cash received from customers: Sales Accounts receivable, December 31, 2004 Accounts receivable, December 31, 2005 Case B: Compute cash paid for rent: Rent expense Rent payable, December 31, 2004 Rent payable, December 31, 2005 Case C: Compute cash paid for merchandise: Cost of goods sold... Merchandise inventory, December 31, 2004 Accounts payable, December 31, 2004 Merchandise inventory, December 31, 2005 Accounts payable, December 31, 2005 $510,000 25,200 34,800 $140,800 8,800 7,200 $528,000 159,600 67,800 131,400 84,000
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