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. 

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


Required: 

Prepare the four basic financial statements for the fiscal year ended August 31, 2017.

Financial Statements
Financial 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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Fundamentals of Financial Accounting

ISBN: 978-1259269868

5th Canadian edition

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

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