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I just need help finding the equation for increase in cash, I already tried 5000 and (5000) [The following information applies to the questions displayed
I just need help finding the equation for increase in cash, I already tried 5000 and (5000)
[The following information applies to the questions displayed below.) Cheese Factory Incorporated reported the following information for the fiscal year en 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 Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Supplies Utilities Expense $160,000 30,000 90,000 102.000 100.000 13.000 770,000 45,000 170,000 73,000 425,000 1,030,000 185.000 1.925,000 47.000 605,000 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 $ 47.000 59.000 1,536,000 170,000 1,736,000 7.000 13,000 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 For the Year Ended August 31, 2021 Cash Flows from Operating Activities Cash Received from Customers $ 1.736,000 Cash Paid to Suppliers and Employees (1.536,000) $ 200,000 Cash Provided by Operating Activities Cash Flows from Investing Activities Cash Paid to Purchase Equipment (59,000) (59,000) Cash Used in Investing Activities Cash Flows from Financing Activities Additional Investments by Stockholders Dividends Paid to Stockholders Repayments of Borrowings 47,000 (13,000) (170,000) (136,000) Cash Used in Financing Activities increase in Cash Cash at September 1, 2020 Cash at August 31, 2021 90,000 90.000 $ Step by Step Solution
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