Question
Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021. Accounts Payable Accounts Receivable: $157,000 27,000 Cash (balance on
Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021. Accounts Payable Accounts Receivable: $157,000 27,000 Cash (balance on September 1, 2020) 87,000 Cash (balance on August 31, 2021) 96,000 Common Stock 100,000 Dividends Equipment Notes Payable Office Expense 10,000 767,000 42,000 155,000 Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Salaries and Wages Payable 67,000 422,000 1,015,000 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 182,000 1,868,000 44,000 590,000 $ 41,000 56,000 1,530,000 167,000 1,721,000 10,000 10,000 PB1-3 (Algo) Part 4 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 Statement of Cash Flows < Prev 10 of 10 www Next
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