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Case X:Compute cash received from customers: Sales Accounts receivable, December 31, 2017 Accounts receivable, December 31, 2018 $850,000 29,000 40,020 Case Y Compute cash paid
Case X:Compute cash received from customers: Sales Accounts receivable, December 31, 2017 Accounts receivable, December 31, 2018 $850,000 29,000 40,020 Case Y Compute cash paid for rent: $111,600 10,150 8,526 Rent expense Rent payable, December 31, 2017 Rent payable, December 31, 2018 Case Z: Compute cash paid for inventory: $740,000 229,400 96,348 188,108 119,472 Cost of goods sold Inventory, December 31, 2017 Accounts payable, December 31, 2017 Inventory, December 31, 2018 Accounts payable, December 31, 2018 For each of the above three separate cases, use the information provided about the calendar-year 2018 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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