Case X: Compute cash received from customers Sales $ 790,000 Accounts receivable, Beginning balance 27,000 Accounts receivable, Ending balance 37,260 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 Case Y: Case Z: $ 108,700 13,000 11,180 $ 465,000 144,150 60,543 118,203 75,073 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: Compute cash received from customers Sales $ 790,000 Accounts receivable, Beginning balance 27,000 Accounts receivable, Ending balance 37,260 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 Case Y: Case Z: $ 108,700 13,000 11,180 $ 465,000 144,150 60,543 118,203 75,073 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.

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter8: Internal Control And Cash

Section: Chapter Questions

Problem 5PEB

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Case X: Case Y: Case Z: Compute cash received from customers Sales Case X: Case Y: Case Z: 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 Cash received from customers Cash paid for rent Cash paid for inventory 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 $ $ $ 860,000 64,000 88,320 835,680 123.858 $ 122,400 12,150 10,692 $ 573,000 177,630 74,605 145,657 92,510
Total Cash (Dr.) = Total Sales Discounts (Dr.) = Total Sales (Cr.) = Total Accounts Receivable (Cr.) = Total Notes Payable (Cr.)=
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Could you please explain to me how the cash balances are calculated???? Pro Forma Cash Flow Cash Received Cash from Operations Cash Sales $24,198 $100,099 $122,460 Cash from Receivables $46,108 $217,218 $342,905 Subtotal Cash from Operations $70,306 $317,317 $465,366 Additional Cash Received Sales Tax, VAT, HST/GST Received $0 $0 $0 New Current Borrowing $0 $0 $0 New Other Liabilities (interest-free) $0 $0 $0 New Long-term Liabilities $0 $40,000 $0 Sales of Other Current Assets $0 $0 $0 Sales of Long-term Assets $0 $0 $0 New Investment Received $0 $0 $0 Subtotal Cash Received $70,306 $357,317 $465,366 Expenditures Year 1 Year 2 Year 3 Expenditures from Operations Cash Spending $167,000 $225,200 $229,200 Bill Payments $75,294 $124,114 $152,785 Subtotal Spent on Operations $242,294 $349,314 $381,985 Additional Cash Spent Sales Tax, VAT, HST/GST Paid Out $0 $0 $0…
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