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Case X: Compute cash received from customers Sales 690,000 55,000 Accounts receivable, December 31, 2015 75,900 Accounts receivable, December 31, 2016 Case Y: Compute cash
Case X: Compute cash received from customers Sales 690,000 55,000 Accounts receivable, December 31, 2015 75,900 Accounts receivable, December 31, 2016 Case Y: Compute cash paid for rent Rent expense 103,300 14,800 Rent payable, December 31, 2015 13,024 Rent payable, December 31, 2016 Case Z: Compute cash paid for inventory: Cost of goods sold 459,000 Inventory, December 31, 2015 142,290 59,762 Accounts payable, December 31, 2015 Inventory, December 31, 2016 116,678 74,105 Accounts payable, December 31, 2016 For each of the above three separate cases, use the information provided about the calendar-year 2016 operations of Sahim Company to compute the required cash flow information Case X: Cash received from customers Case Y: Cash paid for rent Case Z: Cash paid for inventory
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