Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021. Accounts...
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Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021. Accounts Payable Accounts Receivable Cash (balance on September 1, 2020) Cash (balance on August 31, 2021) Common Stock Dividends Equipment Notes Payable Office Expense Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Salaries and Wages Payable Sales Revenue $151,000 21,000 81,000 86,e00 100,000 10,000 761,e00 36,000 125,000 56,000 416,000 985,000 176,000 1,762,000 37,000 560,000 Supplies Utilities Expense Other cash flow information: Additional investments by stockholders Cash paid to purchase equipment Cash paid to suppliers and employees Repayments of borrowings Cash received from customers Cash received from borrowings Dividends paid in cash $ 40,000 50,000 1,510,000 161,000 1,691,000 5,000 10,000 CHEESE FACTORY INCORPORATED Statement of Cash Flows Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities $ %24 %24 Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021. Accounts Payable Accounts Receivable Cash (balance on September 1, 2020) Cash (balance on August 31, 2021) Common Stock Dividends Equipment Notes Payable Office Expense Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Salaries and Wages Payable Sales Revenue $151,000 21,000 81,000 86,e00 100,000 10,000 761,e00 36,000 125,000 56,000 416,000 985,000 176,000 1,762,000 37,000 560,000 Supplies Utilities Expense Other cash flow information: Additional investments by stockholders Cash paid to purchase equipment Cash paid to suppliers and employees Repayments of borrowings Cash received from customers Cash received from borrowings Dividends paid in cash $ 40,000 50,000 1,510,000 161,000 1,691,000 5,000 10,000 CHEESE FACTORY INCORPORATED Statement of Cash Flows Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities $ %24 %24
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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