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Question 10 Required Information [The following information applies to the questions displayed below) Cheese Factory Incorporated reported the following Information for the fiscal year ended
Question 10
Required Information [The following information applies to the questions displayed below) 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 1 13, 764,000 39,000 140,000 61 , 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 $ 35,000 53,000 1,516,000 164,000 1,706,880 7.ee 13,008 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 Cash Flows from Operating Activities Cash Flows from Investing Activities $ 0 Cash Flows from Financing Activities 0 he 5 Step by Step Solution
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