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Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1-2, LO 1-3] Skip to question [The following information applies to the
Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1-2, LO 1-3] Skip to question [The following information applies to the questions displayed below.] Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021. Accounts Payable $163,000 Accounts Receivable 33,000 Cash (balance on September 1, 2020) 93,000 Cash (balance on August 31, 2021) 120,000 Common Stock 100,000 Dividends 10,000 Equipment 773,000 Notes Payable 48,000 Office Expense 185,000 Prepaid Rent 79,000 Retained Earnings (beginning) 428,000 Salaries and Wages Expense 1,045,000 Salaries and Wages Payable 188,000 Sales Revenue 1,988,000 Supplies 50,000 Utilities Expense 620,000 Other cash flow informat
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