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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,

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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 $165,000 35,000 95,000 124,000 100,000 12,000 Prepaid Rent Retained Earnings (beginning) 775,000 50,000 195,000 83,000 430,000 Salaries and Wages Expense 1,055,000 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 190,000 2,026,000 52,000 630,000 $ 57,000 64,000 1,545,000 175,000 1,761,000 7,000 12,000

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