Required information 4. Prepare a statement of cash flows for the fiscal year ended August 31, 2021. (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 Cash Flows from Financing Activities

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Required information
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 Payable
Accounts Receivable
Cash (balance on September 1, 2020)
Cash (balance on August 31, 2021).
Common Stock
Dividenda
Equipment
Notes Payable
office Expense
Prepaid Rent
Retained Earnings (beginning)
Salaries and Wages Expense
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
PB1-3 (Algo) Part 4
$154,000
24,000
84,000
86,000
100,000
13,000
764,000
39,000
140,000
61,000
419,000
1,000,000
179,000
1,813,000.
41,000
575,000
$ 35,000
53,000
1,516,000
164,000
1,706,000
7,000
13,000
Transcribed Image Text:Required information 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 Payable Accounts Receivable Cash (balance on September 1, 2020) Cash (balance on August 31, 2021). Common Stock Dividenda Equipment Notes Payable office Expense Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense 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 PB1-3 (Algo) Part 4 $154,000 24,000 84,000 86,000 100,000 13,000 764,000 39,000 140,000 61,000 419,000 1,000,000 179,000 1,813,000. 41,000 575,000 $ 35,000 53,000 1,516,000 164,000 1,706,000 7,000 13,000
45
Required information
4. Prepare a statement of cash flows for the fiscal year ended August 31, 2021. (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
Cash Flows from Financing Activities
Transcribed Image Text:45 Required information 4. Prepare a statement of cash flows for the fiscal year ended August 31, 2021. (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 Cash Flows from Financing Activities
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