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Exercise 16-18B (Algo) Direct: Computing cash flows LO P5 Case X: $ 640,000 59,000 81,420 Case Y: Compute cash received from customers Sales Accounts receivable,
Exercise 16-18B (Algo) Direct: Computing cash flows LO P5 Case X: $ 640,000 59,000 81,420 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 Compute cash paid for inventory Cost of goods sold Inventory, Beginning balance Accounts payable, Beginning balance Inventory, Ending balance Accounts payable, Ending balance $ 127,600 9,400 8,272 Case Z: $ 595,000 184,450 77,469 151,249 96,062 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 Cash paid for inventory Case z
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