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cos Exercise 12-18B (Algo) Direct: Computing cash flows LO P5 Compute cash received from customers Sales Accounts receivable, Beginning balance Accounts receivable, Ending balance Compute cash paid for rent Case Xi Case Y: Case 2: 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 Case X: Case Y Case 2: $ 870,000 32,000 44,160 Cash received from customers Cash paid for rent Cash paid for inventory $ 140,600 13,900 11,676 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 $ 707,000 219,170 92,051 179,719 114,143

cos Exercise 12-18B (Algo) Direct: Computing cash flows LO P5 Compute cash received from customers Sales Accounts receivable, Beginning balance Accounts receivable, Ending balance Compute cash paid for rent Case Xi Case Y: Case 2: 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 Case X: Case Y Case 2: $ 870,000 32,000 44,160 Cash received from customers Cash paid for rent Cash paid for inventory $ 140,600 13,900 11,676 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 $ 707,000 219,170 92,051 179,719 114,143

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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cos Exercise 12-18B (Algo) Direct: Computing cash flows LO P5 Compute cash received from customers Sales Case Xi Case Y: Case 2: Accounts receivable, Beginning balance Accounts receivable, Ending balance Compute cash paid for rent Case X: Case Y Case 2: 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 $ 870,000 32,000 44,160 Cash received from customers Cash paid for rent Cash paid for inventory $ 140,600 13,900 11,676 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 $ 707,000 219,170 92,051 179,719 114,143
Transcribed Image Text:cos Exercise 12-18B (Algo) Direct: Computing cash flows LO P5 Compute cash received from customers Sales Case Xi Case Y: Case 2: Accounts receivable, Beginning balance Accounts receivable, Ending balance Compute cash paid for rent Case X: Case Y Case 2: 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 $ 870,000 32,000 44,160 Cash received from customers Cash paid for rent Cash paid for inventory $ 140,600 13,900 11,676 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 $ 707,000 219,170 92,051 179,719 114,143
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