Chapter 16, Problem 16E

Exercise 16-16^BDirect: Computing cash flows P5

For each of the following separate cases, compute the required cash flow information.

Case X: Compute cash received from customers
Sales................................ $515,000
Accounts receivable, Beginning balance____ 27.200
Accounts receivable. Ending balance..... 33,500
Case Y: Compute cash paid for rent
Rent expense......................... $139.3.00
Rent payable. Beginning balance......... 7.S00
Rent payable. Ending balance........... £.200
Case Z: Compute cash paid for inventory
Cost of goods sold.................. $525,000
Inventory, Beginning balance......... 15B.&00
Accounts payable, Beginning balance ... 56,700
Inventory, Ending balance............ 130,400
Accounts payable, Ending balance..... 32,000