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05C IM WP D3 Analytical Prepd

05C IM WP D3 Analytical Prepd - PrepaidAccounts...

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Apple Blossom Cologne Company   D-3 Analytical Procedures Performed on 1-23-04 Prepaid Accounts        JWP December 31, 2003  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     -   02     12     -   31     -   03     Change Change  Prepaid rent 5000 1250 (3750) (75%) Rent expense 3750 3750 -0- 0% Office supplies 8657 9964 1307 15% Office supp. exp. 9683 12380 2697 28% Small tools 7162 6541 (621) (9%) Small tools exp. 3359 6419 3060 91% Although the percentage change in certain of these accounts is 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 executed on May 1, 2000. 
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