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16 Exercise 12-18B (Algo) Direct: Computing cash flows LO P5 4.76 Case X1 points Case T eBook Case 21 Compute cash received from customers
16 Exercise 12-18B (Algo) Direct: Computing cash flows LO P5 4.76 Case X1 points Case T eBook Case 21 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 Inventory, Beginning balance Accounts payable, Beginning balance Inventory, Ending balance Accounts payable, Ending balance $500,000 59,000 91,420 $131,500 10,750 9,245 $743,000 230,330 96,739 100,071 119,956 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 References Case X Cash received from customers Case Y Cash paid for rent Case Z Cash paid for inventory
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