5. Analytical Procedures and Risk Analysis

5. Analytical Procedures and Risk Analysis - PL1 Peach...

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                                 Peach Blossom Cologne Company                                PL-1                               Working Trial Balance-Balance Sheet                                                                                  12-31-09                                                                                                                                                                                    ==================================================================================== Working Per Per Dollar Percent Paper Audit Books Change Change Reference 12-31-08 12-31-09 ==================================================================================== Assets: 101 Cash-Big City National Bank  339,415   420,678   81,263  23.94% 105 Accounts receivable  124,021   235,380   111,359  89.79% 106 Allowance for bad debts  (10,485)  (4,800)  5,685  -54.22% 109 Inventory  777,152   600,580   (176,572) -22.72% 210 Land  82,250   82,250   -  0.00% 220 Buildings  276,263   276,263   -  0.00% 221 Accum. depn.- buildings  (65,416)  (74,625)  (9,209) 14.08% 230 Machinery and equipment  540,845   737,045   196,200  36.28% 231  (160,866)  (185,939)  (25,073) 15.59% 240 Automotive equipment  99,425   118,925   19,500  19.61% 241 Accum. depn.- auto. equip.  (52,798)  (81,892)  (29,094) 55.10% 250  106,433   113,233   6,800  6.39% 251  (37,581)  (43,073)  (5,492) 14.61%           Total assets  2,018,658   2,194,025   175,367  8.69% Liabilities: 301 Accounts payable  223,161   176,790   (46,371) -20.78% 305 Accrued interest  10,625   8,750   (1,875) -17.65% 306 Dividends payable  15,725   15,725   -  0.00% 307 Federal income tax payable  23,023   25,000   1,977  8.59% 308 Notes payable-short term  125,000   (125,000)
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5. Analytical Procedures and Risk Analysis - PL1 Peach...

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