Assume that the Cheesecake Factory reported the following information for the fiscal year ended August 31, 2017.
Question:
Assume that the Cheesecake Factory reported the following information for the fiscal year ended August 31, 2017. Amounts are in thousands of dollars.
Required:
Prepare the four basic financial statements for the fiscal year ended August 31, 2017.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Accounts Payable $ 45,570 Other Assets $ 186,453 Accounts Receivable 11,639 Other Liabilities 126,012 Wages Payable 117,226 Other Revenues 8,171 Cash (balance on September 1, 2016) 31,052 Retained Earnings (beginning) 440,510 Cash (balance on August 31, 2017) 44,790 Prepaid Rent 43,870 Property and Equipment 732,204 Food and Supplies Expense Selling and Administrative Expenses Food and Supply Inventories Notes Payable Contributed Capital 333,528 72,751 Restaurant Sales Revenue 1,315,325 20,775 Utilities and Other Expenses 414,978 39,381 Wages Expense 420,957 239,744 Dividends 49,994 Other cash flow information: $ 33,555 Additional investments by shareholders Cash paid to purchase equipment Cash paid to suppliers and employees Repayments of borowings 243,211 1,123,353 170,242 Cash received from customers 1,276,008 175,000 Cash received from borrowings Cash received from sale of long-term assets Dividends declared and paid in cash 115,975 49,994
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259269868
5th Canadian edition
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
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