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Exercise 12-18B (Algo) Direct: Computing cash flows LO P5 Case X: Case Y: Compute cash received from customers Sales Accounts receivable, Beginning balance Accounts
Exercise 12-18B (Algo) Direct: Computing cash flows LO P5 Case X: Case Y: Compute cash received from customers Sales Accounts receivable, Beginning balance Accounts receivable, Ending balance Compute cash paid for rent Rent expense Rent payable, Beginning balance Rent payable, Ending balance Case Z: Compute cash paid for inventory Cost of goods sold Inventory, Beginning balance Accounts payable, Beginning balance Inventory, Ending balance. Accounts payable, Ending balance $ 720,000 28,000 38,640 $ 115,900 7,950 6,678 $ 616,000 190,960 80,203 156,587 99,452 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 customers Case Y: Cash paid for rent Case Z: Cash paid for inventory
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