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Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021. Accounts Payable $165,000 Accounts Receivable 35,000 Cash (balance on
Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021. Accounts Payable $165,000 Accounts Receivable 35,000 Cash (balance on September 1, 2020) 95,000 Cash (balance on August 31, 2021) 124,000 Common Stock 100,000 12,000 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 775,000 50,000 195,000 83,000 430,000 1,055,000 190,000 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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