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balance+sheet+%26+exhibit+1 - MAYNARD COMPANY BALANCE...

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Unformatted text preview: MAYNARD COMPANY BALANCE SHEETS AS OF JUNE 1 AND JUNE 30 Assets Current Assets: As of June I As of June 30: Cash.......................................................................................................................................................................................... $ 34,983 $ 66,660 Accounts receivable................................................................................................................................................................. 21,798 26,505 Note receivable........................................................................................................................................................................ 11,700 Merchandise inventory............................................................................................................................................................ 29,835 26,520 Supplies on hand...................................................................................................................................................................... 5,559 6,630 Prepaid insurance..................................................................................................................................................................... 3,150 2,826 Total current assets $107,025 $129,141 Noncurrent assets: Land......................................................................................................................................................................................... 89,700 89,700 Building.................................................................................................................................................................................... 585,000 585,000 Less: Accumulated depreciation........................................................................................................................................ (156,000 ) 429,000 ( 157,950 ) 427,050 Equipment................................................................................................................................................................................ 13,260 36,660 Less: Accumulated depreciation........................................................................................................................................ ( 5,304 ) 7,956 ( 5,928 ) 30,732 Other noncurrent assets...........................................................................................................................................................Other noncurrent assets....
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This note was uploaded on 12/07/2011 for the course MBA 0001 taught by Professor Akshat during the Spring '09 term at Institute of Management Technology.

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balance+sheet+%26+exhibit+1 - MAYNARD COMPANY BALANCE...

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