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Case X: Compute cash received from customers: Sales $ 710,000 Accounts receivable, Beginning balance 30,000 Accounts receivable, Ending balance 41,400 Case Y: Compute cash paid
Case X: | Compute cash received from customers: | |||
Sales | $ | 710,000 | ||
Accounts receivable, Beginning balance | 30,000 | |||
Accounts receivable, Ending balance | 41,400 | |||
Case Y: | Compute cash paid for rent | |||
Rent expense | $ | 102,300 | ||
Rent payable, Beginning balance | 5,550 | |||
Rent payable, Ending balance | 4,551 | |||
Case Z: | Compute cash paid for inventory | |||
Cost of goods sold | $ | 688,000 | ||
Inventory, Beginning balance | 213,280 | |||
Accounts payable, Beginning balance | 89,578 | |||
Inventory, Ending balance | 174,890 | |||
Accounts payable, Ending balance | 111,077 | |||
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
Case X: Cash received from Customer :___________________________
Case Y: Cash paid for rent: _______________________
Case Z: Cash paid for inventory: _____________________________
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