Case X: Compute cash received from customers: Sales $ 515,000
Accounts receivable, December 31, 2013 27,200
Accounts receivable, December 31, 2014 33,600
Case Y: Compute cash paid for rent:
Rent expense $ 139,800
Rent payable, December 31, 2013 7,800
Rent payable, December 31, 2014 6,200
Case Z: Compute cash paid for merchandise:
Cost of goods sold $ 525,000
Merchandise inventory, December 31, 2013 158,600
Accounts payable, December 31, 2013 66,700
Merchandise inventory, December 31, 2014 130,400
Accounts payable, December 31, 2014 82,000
For each of the above three separate cases, use the information provided about the calendar-year 2014 operations of Sahim Company to compute the required cash flow information.
Case X:Cash received from customers
Case Y:Cash paid for rent
Case Z:Cash paid for merchandise

Sahim Company

Case X: Cash received from customers = $508,600

Case Y: Cash paid for rent = $141,400

Case Z: Cash paid for merchandise = $481,500

Explanation:

a) Data and Calculations:

Case X: Compute cash received from customers:

Sales $ 515,000

Accounts receivable, December 31, 2013 27,200

Accounts receivable, December 31, 2014 33,600

Case Y: Compute cash paid for rent:

Rent expense $ 139,800

Rent payable, December 31, 2013 7,800

Rent payable, December 31, 2014 6,200

Case Z: Compute cash paid for merchandise:

Cost of goods sold $ 525,000

Merchandise inventory, December 31, 2013 158,600

Accounts payable, December 31, 2013 66,700

Merchandise inventory, December 31, 2014 130,400

Accounts payable, December 31, 2014 82,000

Case X: Cash received from customers:

Accounts receivable

Account Titles                    Debit      Credit

Sales                               $ 515,000

December 31, 2013             27,200

December 31, 2014                           $33,600

Cash received                                  508,600

Case Y: Cash paid for rent:

Rent Payable

Account Titles                    Debit      Credit

Rent expense                             $ 139,800

December 31, 2013                           7,800

December 31, 2014          $6,200

Cash paid                         141,400

Case Z: Cash paid for merchandise:

Cost of goods sold                                        $ 525,000

Merchandise inventory, December 31, 2014   130,400

Merchandise inventory, December 31, 2013 (158,600)

Purchases during 2014                                $ 496,800

Accounts payable

Account Titles                           Debit      Credit

December 31, 2013                                $66,700

Purchases during 2014                          496,800

December 31, 2014                $82,000

Cash paid for merchandise    481,500

i guess you could put raise the economic balance

answerall of these;