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Required information [The following information applies to the questions displayed below.] Cheese Factory Incorporated reported the following information for the fiscal year ended August
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, 2021. Accounts Payable Accounts Receivable $153,000 23,000 Cash (balance on September 1, 2020) 83,000 Cash (balance on August 31, 2021) 93,000 Common Stock 100,000 Dividends 12,000 763,000 Equipment Notes Payable Office Expense 38,000 135,000 Prepaid Rent 59,000 Retained Earnings (beginning) 418,000 Salaries and Wages Expense 995,000 178,000 1,803,000 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 40,000 570,000 $ 44,000 52,000 1,514,000 163,000 1,701,000 6,000 12,000 4. Prepare a statement of cash flows for the fiscal year ended August 31, 2021. (Cash outflows should be entered as negative amounts.)
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