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Case X: Compute cash received from customers: Case Z: Compute cash paid for inventory: Sales $ 620,000 Cost of goods sold $ 683,000 Accounts receivable,
Case X: | Compute cash received from customers: | Case Z: | Compute cash paid for inventory: | ||||||
Sales | $ | 620,000 | Cost of goods sold | $ | 683,000 | ||||
Accounts receivable, December 31, 2018 | 42,000 | Inventory, December 31, 2018 | 211,730 | ||||||
Accounts receivable, December 31, 2019 | 57,960 | Accounts payable, December 31, 2018 | 88,927 | ||||||
Case Y: | Compute cash paid for rent: | Inventory, December 31, 2019 | 173,619 | ||||||
Rent expense | $ | 147,700 | Accounts payable, December 31, 2019 | 110,269 | |||||
Rent payable, December 31, 2018 | 5,200 | ||||||||
Rent payable, December 31, 2019 | 4,264 | ||||||||
For each of the above three separate cases, use the information provided about the calendar-year 2019 operations of Sahim Company to compute the required cash flow information.
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