For each of the following three separate cases, use the information provided about the calendar year 2012 operations of Sahim Company to compute the required cash flow information.
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Case A: Compute cash received from customers: |
|
|
Sales |
$510,000 |
|
Accounts receivable, December 31, 2011 |
25,200 |
|
Accounts receivable, December 31, 2012 |
34,800 |
|
Case B: Compute cash paid for rent: |
|
|
Rent expense |
$140,800 |
|
Rent payable, December 31, 2011 |
8,800 |
|
Rent payable, December 31, 2012 |
7,200 |
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Case C: Compute cash paid for merchandise: |
|
|
Cost of goods sold |
$528,000 |
|
Merchandise inventory, December 31, 2011 |
159,600 |
|
Accounts payable, December 31, 2011 |
67,800 |
|
Merchandise inventory, December 31, 2012 |
131,400 |
|
Accounts payable, December 31, 2012 |
84,000 |