Answer Happy

Exercise 16-18B (Algo) Direct: Computing cash flows LO P5 Case X: Compute cash received from customers Sales $ 890,000 Accounts receivable, Beginning balance Accounts receivable, Ending balance Compute cash paid for rent 56,000 77,280 Case Y: Rent expense $ 103,000 Rent payable, Beginning balance Rent payable, Ending balance 9,900 8,514 Case Z: Compute cash paid for inventory Cost of goods sold $ 482,000 Inventory, Beginning balance Accounts payable, Beginning balance Inventory, Ending balance 149,420 62,756 122,524 77,817 Accounts payable, Ending balance 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