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Prepare the four basic financial statements

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Reference no: EM13881398

Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2015.

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:

Prepare the four basic financial statements for the fiscal year ended August 31, 2015.

Reference no: EM13881398

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