Balance Sheet for June 1st and June 30th
Autor: pbonds • December 15, 2013 • Essay • 664 Words (3 Pages) • 1,068 Views
Maynard Company
Balance Sheet for June 1st and June 30th
Assets
Currents Assets: June 1st June 30th
Cash $ 34,983.00 $ 66,660.00
Accounts Receivable $ 21,798.00 $ 26,505.00
Note Receivable $ 11,700.00 $ -
Merchandise Inventory $ 29,835.00 $ 26,520.00
Supplies on Hand $ 5,559.00 $ 6,630.00
Prepaid Insurance $ 3,150.00 $ 2,826.00
Total Current Assets $ 107,025.00 $ 129,141.00
Noncurrent Assets:
Land $ 89,700.00 $ 89,700.00
Building $ 585,000.00 $ 585,000.00
Less Accumulated Depreciation $ 156,000.00 $ 429,000.00 $157,950.00 $ 427,050.00
Equipment $ 13,260.00 $ 36,660.00
Less Accumulated Depreciation $ 5,304.00 $ 7,956.00 $ 5,928.00 $ 30,732.00
Other Noncurrent Assets $ 4,857.00 $ 5,265.00
Total NonCurrent Assets $ 531,513.00 $ 552,747.00
Total Assets $ 638,538.00 $ 681,888.00
Liabilities and Shareholder's Equity:
Current Liabilities
Accounts Payable $ 8,517.00 $ 21,315.00
Bank Notes Payable $ 8,385.00 $ 29,250.00
Taxes Payable $ 5,700.00 $ 7,224.00
Accrued
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