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Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021. Accounts Payable $152,000 Accounts Receivable 22,000 Cash (balance on
Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021. Accounts Payable $152,000 Accounts Receivable 22,000 Cash (balance on September 1, 2020) 82,000 Cash (balance on August 31, 2021) 89,000 Common Stock 100,000 Dividends Equipment 11,000 762,000 Notes Payable 37,000 Office Expense 130,000 Prepaid Rent 57,000 Retained Earnings (beginning) 417,000 Salaries and Wages Expense 990,000 Salaries and Wages Payable 177,000 1,782,000 39,000 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 565,000 $ 42,000 51,000 1,512,000 162,000 1,696,000 5,000 11,000
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