Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2018. Accounts Payable Accounts Receivable Cash (balance on September 1, 2017)

image text in transcribed
image text in transcribed
Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2018. Accounts Payable Accounts Receivable Cash (balance on September 1, 2017) Cash (balance on August 31, 2018) Common Stock Dividends Equipment Notes Payable Office Expenses Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Supplies Utilities Expense 154,000 24,000 84,000 86,000 100,000 13,000 764,000 39,000 140,000 61,000 419,000 1,000,000 179,000 1,813,000 41,000 575,000 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 S 35,000 53,000 1,516,000 164,000 1, 706,000 7.000 13,000 4. Prepare a statement of cash flows for the fiscal year ended August 31, 2018. (Cash outflows should be entered as negative amounts.) CHEESE FACTORY INCORPORATED Statement of Cash Flows For the Year Ended August 31, 2018 Cash Flows from Operating Activities $ 0 Cash Flows from Investing Activities 0 Cash Flows from Financing Activities Cash Received from Bomoving

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Birth Of American Accountancy

Authors: Peter L. McMickle, Paul H. Jensen

1st Edition

0367534681, 9780367534684

More Books

Students also viewed these Accounting questions

Question

What is your current position?

Answered: 1 week ago