Question
Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1-2, LO 1-3] [The following information applies to the questions displayed
Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1-2, LO 1-3] [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 Receivable Accounts Payable $162,000 32,000 Cash (balance on September 1, 2020) 92,000 Cash (balance on August 31, 2021) 110,000 Common Stock 100,000 Dividends Equipment Notes Payable Office Expense Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense 15,000 772,000 47,000 180,000 77,000 427,000 1,040,000 Salaries and Wages Payable 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 187,000 1,967,000 49,000 615,000 $ 51,000 61,000 1,540,000 172,000 1,746,000 9,000 15,000 < Prev 10 of 10 Next > dtv NAO 27 Mix Book Pro
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