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[The following information applies to the questions displayed below.] Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021. These
[The following information applies to the questions displayed below.]
Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021.
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Cheese Factory Incorporated reported the following information for the fiscal year ended August 31,2021. AccountsPayableAccountsReceivableCash(balanceonSeptember1,2020)Cash(balanceonAugust31,2021)CommonStockDividendsEquipmentNotesPayableOfficeExpensePrepaidRentRetainedEarnings(beginning)SalariesandWagesExpenseSalariesandWagesPayableSalesRevenueSuppliesUtilitiesExpenseOthercashflowinformation:AdditionalinvestmentsbystockholdersCashpaidtopurchaseequipmentCashpaidtosuppliersandemployeesRepaymentsofborrowingsCashreceivedfromcustomersCashreceivedfromborrowingsDividendspaidincash$161,00031,00091,000106,000100,00014,000771,00046,000175,00075,000426,0001,035,000186,0001,946,00048,000610,000$49,00060,0001,538,000171,0001,741,0008,00014,000 4. Prepare a statement of cash flows for the fiscal year ended August 31, 2021. (Cash outflows should be entered as negative amounts.) Additional Investments by Stockholders Cash at August 31, 2021. Cash at September 1, 2020 Cash Paid to Purchase Equipment Cash Paid to Suppliers and Employees Cash Paid to Suppliers and Employees Cash Received from Borrowings Cash Received from Customers Dividends Paid to Stockholders Repayments of Borrowings Cash Provided by Operating Activities Cash Used in Operating Activities Cash Provided by Financing Activities Cash Used in Financing Activities Decrease in Cash Increase in CashStep by Step Solution
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