subject
Business, 19.01.2021 19:40 hjamya17

Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2015. Accounts Payable $ 145,000
Accounts Receivable 15,000
Cash (balance on September 1, 2014) 75,000
Cash (balance on August 31, 2015) 80,000
Common Stock 100,000
Dividends 10,000
Equipment 755,000
Notes Payable 30,000
Office Expenses 95,000
Prepaid Rent 50,000
Retained Earnings (beginning) 410,000
Salaries and Wages Expense 955,000
Salaries and Wages Payable 170,000
Sales Revenue 1,660,000
Supplies 25,000
Utilities Expense 530,000
Other cash flow information:
Additional investments by stockholders $ 34,000
Cash paid to purchase equipment 40,000
Cash paid to suppliers and employees 1,490,000
Repayments of borrowings 155,000
Cash received from customers 1,661,000
Cash received from borrowings 5,000
Dividends paid in cash 10,000
Required: 1. Prepare an income statement for the fiscal year ended August 31, 2015. CHEESE FACTORY INCORPORATED Income Statement

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 21:30, jenny8460
Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.
Answers: 1
image
Business, 22.06.2019 11:20, smn43713
Which stage of group development involves members introducing themselves to each other?
Answers: 3
image
Business, 22.06.2019 12:50, sunshine0613
Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.
Answers: 3
image
Business, 22.06.2019 12:50, montgomerykarloxc24x
You own 2,200 shares of deltona hardware. the company has stated that it plans on issuing a dividend of $0.42 a share at the end of this year and then issuing a final liquidating dividend of $2.90 a share at the end of next year. your required rate of return on this security is 16 percent. ignoring taxes, what is the value of one share of this stock to you today?
Answers: 1
You know the right answer?
Cheese Factory Incorporated reported the following information for the fiscal year ended August 31,...

Questions in other subjects: