Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021, Accounts...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021, Accounts Payable Accounts Receivable $152,000 22,000 82,000 Cash (balance on September 1, 2020) Cash (balance on August 31, 2021) Common Stock 89,000 100,000 11,000 Dividends Equipment Notes Payable office Expense Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Salaries and Wages Payable Sales Revenue 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 762,000 37,000 130,000 57,000 417,000 990,000 177,000 1,782,000 39,000 565,000 $ 42,000. 51,000 1,512,000 162,000 1,696,000 5,000 11,000 4. Prepare a statement of cash flows for the fiscal year ended August 31, 2021. (Cash outflows should be entered as negative amounts.) Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021, Accounts Payable Accounts Receivable $152,000 22,000 82,000 Cash (balance on September 1, 2020) Cash (balance on August 31, 2021) Common Stock 89,000 100,000 11,000 Dividends Equipment Notes Payable office Expense Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Salaries and Wages Payable Sales Revenue 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 762,000 37,000 130,000 57,000 417,000 990,000 177,000 1,782,000 39,000 565,000 $ 42,000. 51,000 1,512,000 162,000 1,696,000 5,000 11,000 4. Prepare a statement of cash flows for the fiscal year ended August 31, 2021. (Cash outflows should be entered as negative amounts.)
Expert Answer:
Answer rating: 100% (QA)
CHEESE FACTORY INCORPORATED Statement of Cash Flow For the year ended ... View the full answer
Related Book For
Fundamentals Of Financial Accounting
ISBN: 9781265440169
7th Edition
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
Posted Date:
Students also viewed these accounting questions
-
The timeframe for the case should be examined from its present/current (i.e. real-time) context. 1. Perform an analysis of the Microsoft using the SWOT theoretical framework. Identify one (1) issue...
-
The Cheesecake Factory Incorporated reported the following information for the 2006 fiscal year ended January 2, 2007. Amounts are in thousands of dollars. Other information Additional investments by...
-
Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2015. Other cash flow information: Additional investments by stockholders $ 34,000 Cash paid to...
-
A communal vegetable garden has been set up by the council for 68 members of a small self- sustaining community. Each of the 68 members can either contribute towards taking care of the garden or...
-
What is the greenhouse effect? How does the excess CO2 gas in the atmosphere cause the greenhouse effect? What are the potential long-term consequences of greenhouse effect? How can we combat this...
-
Identify types of organizations that may need to evaluate strategy more frequently than others. Justify your choices.
-
Identify the six different discovery devices. What is the purpose of each device?
-
1. Review the five stages of customer loyalty shown in Figure 4-4 and prepare a report of about 200 words in which you classify MMB's customers. Estimate the percentage of MMB customers who fall into...
-
The Clothing Cove has two classes of stock authorized: 9%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of...
-
Figure 2 shows the support structure for a suspended apparatus in a laboratory. The apparatus is hung from the 1/4" A36 plate that is welded to the 3/8" plate using E70XX electrodes. Assuming that...
-
In the strategic plan development assignment, you will work on some of the introductory activities related to plan development that we have discussed throughout the course. You should think about an...
-
The number of permutations of 6 objects is ___________________ . In Exercises 7 and 8, fill in the blank with the appropriate word or phrase:
-
To lower health insurance costs and encourage employee wellness, many employers are refusing to hire smokers. Baylor Health Care Systems in Texas no longer hires smokers, made its facilities smoke...
-
When ordering a certain type of computer, there are three choices of hard drive, four choices for the amount of memory, two choices of video card, and three choices of monitor. In how many ways can a...
-
Why is price elasticity of demand an important consideration when using cost-based pricing?
-
What are the eras of marketing? How are societal marketing and the era of marketing convergence different from the eras that preceded the marketing concept?
-
Consider the demand for a narrowly defined good, such as a salmon filet. You can plot three different straight lines through the three points X, Y, and Z on this graph. Place the blue line (circle...
-
We all experience emotions, but some people disguise their true feelings better than others. Do you think this is a helpful or harmful thing to do? Under what conditions do you think it would be most...
-
When using the equity method of accounting, when is revenue recorded on the books of the investor company? a. When the fair value of the affiliate stock increases. b. When a dividend is received from...
-
What is the effect of the write-off of uncollectible accounts (using the allowance method) on (a) Net income and (b) Net accounts receivable?
-
If a 5 percent note receivable for $100,000 is created on January 1, 2018, and it has a maturity date of December 31, 2021, a. No interest revenue will be recorded in 2018. b. The note receivable...
-
Franco Company's net income and preferred dividends are \(\$ 44,000\) and \(\$ 4,000\), respectively, and average total common shareholders' equity is \(\$ 384,000\). How much is Franco's return on...
-
Jackson Auto Glass's accounting records carried the following accounts at January 31,2008. Requirements 1. Journalize all of Jackson's closing entries at January 31, 2008. Use a Jackson, Capital...
-
A company declares a \(5 \%\) stock dividend. The debit to Retained Earnings is an amount equal to the a. stated value of original shares. b. excess of the market price over the original issue price...
Study smarter with the SolutionInn App