Question
Case X: Compute cash received from customers Sales $ 520,000 Accounts receivable, Beginning balance 31,000 Accounts receivable, Ending balance 42,780 Case Y: Compute cash paid
Case X: Compute cash received from customers Sales $ 520,000 Accounts receivable, Beginning balance 31,000 Accounts receivable, Ending balance 42,780 Case Y: Compute cash paid for rent Rent expense $ 124,100 Rent payable, Beginning balance 11,350 Rent payable, Ending balance 9,080 Case Z: Compute cash paid for inventory Cost of goods sold $ 467,000 Inventory, Beginning balance 144,770 Accounts payable, Beginning balance 60,803 Inventory, Ending balance 118,711 Accounts payable, Ending balance 75,396 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
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