Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2024.
Accounts Payable $158,000
Accounts Receivable 28,000
Cash (balance on September 1, 2023) 88,000
Cash (balance on August 31, 2024) 94,000
Common Stock 100,000
Dividends 11,000
Equipment 768,000
Notes Payable 43,000
Office Expense 160,000
Prepaid Rent 69,000
Retained Earnings (beginning) 423,000
Salaries and Wages Expense 1,020,000
Salaries and Wages Payable 183,000
Sales Revenue 1,883,000
Supplies 45,000
Utilities Expense 595,000
Other cash flow information:
Additional investments by stockholders $ 43,000
Cash paid to purchase equipment 57,000
Cash paid to suppliers and employees 1,532,000
Repayments of borrowings 168,000
Cash received from customers 1,726,000
Cash received from borrowings 5,000
Dividends paid in cash 11,000
PB1-3 (Algo) Part 4
Required:
4. Prepare a statement of cash flows for the fiscal year ended August 31, 2024.
Note: Cash outflows should be entered as negative amounts.
CHEESE FACTORY INCORPORATED
Statement of Cash Flows
For the Year Ended August 31, 2024
Cash Flows from Operating Activities
Cash Received from Customers
Cash Paid to Suppliers and Employees
Cash Flows from Investing Activities
Cash Flows from Financing Activities
$
0
0
0
$
0
