26 PY WP D-3 APs on Prepd Accts

26 PY WP D-3 APs on Prepd Accts - AppleBlossomCologneCompany

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Apple Blossom Cologne Company   D-3 Analytical Procedures Performed on 1-23-03 Prepaid Accounts        JWP December 31, 2002  1 of 2 I   performed   analytical   procedures   on   the   accounts,   Prepaid   Rent,   Office  Supplies Inventory, Small Tools Inventory, as well as the related expense accounts,  to provide explanations for any fluctuations. The following results were obtained: Balance Balance Dollar Percent Account 12     -   31     -   01     12     -   31     -   02     Change Change  Prepaid rent 1250 5000 3750 300% Rent expense 3750 3750 -0- 0% Office supplies 5071 8657 3586 71% Office supp. exp. 8211 9683 1472 18% Small tools 3345 7162 3817 114% Small tools exp. 2655 3359 704 27% Although the percentage changes in many of these accounts are high, the  dollar fluctuations are relatively small and not material. The changes are accounted  for as follows: Prepaid Rent The Company leases a warehouse under a ten-year operating lease agreement 
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This note was uploaded on 10/09/2010 for the course FINANCE fin646 taught by Professor Marry during the Spring '10 term at College of the Bahamas.

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26 PY WP D-3 APs on Prepd Accts - AppleBlossomCologneCompany

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