Case 16-35 AP Detail

Case 16-35 AP Detail - Figure 16-8 Pinnacle Manufacturing...

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Figure 16-8 Pinnacle Manufacturing Sample of Accounts Payable Selected for Confirmation--December 31, 2011 High-Volume Items (>$250,000) 1. AMERICAN PRESS $340,767.94 2. CLEAN-O-RAMA, CO. 317,668.63 3. FIBERCHEM 793,049.89 4. RUFUS AUSTIN ANTIQUES 400,046.08 5. TODD-MACHINERY 531,073.93 6. WELBURN MANUFACTURING 388,836.07 $2,771,442.54 Large Balance Items ($50,001 - $250,000) 1. A & M SANDLER INC $81,348.54 2. AMERICAN BABY % USTC 75,432.73 3. BEACH & HOOVER REFINING 76,408.79 4. BEARING DRIVES CO 73,017.24 5. BURTON MARTIN 78,682.54 6. CABLE SYS % IND TRAF CONS 71,288.95 7. EDDIE VENTURA, INC. 60,255.55 8. FIBEROPTICS 60,102.78 9. FINISH METALS INC 60,769.71 10. FREEMAN FURNITURE - ATTN A/P 130,493.51 11. G P CHAMBERS CO 64,125.44 12. GODWIN DRUG COMPANY 84,331.05 13. HOLY FAMILY HOSPITAL 117,916.83 14. LAS FLORES DESIGNS INC 88,644.92 15. LEAN CORP 67,985.23 16. MACDONALD SVC CORPORATION 147,943.95 17. MCCOYS INC 67,936.32 18. METADYNE CORP 85,432.51 19. MICRON POWER SYSTEMS 136,071.37 20. MOBIL OIL 93,210.48 21. NATIONAL ELEVATOR & MACH CO 76,921.40 22. NORRIS INDUSTRIES 88,314.64 23. R & B PRODUCTS 80,092.46 24. REMINGTON SUPPLY 123,411.24 25. SAFETY ENVELOPE CO 223,950.34 26. SCANDEC USA INC 65,942.94 27. THE DUTTON COMPANY 63,882.02 28. THE HABERDASHERY CO 71,869.16 29. UNIVERSITY OF CALIFORNIA 80,624.95 30. ZZZZ BANK ADJUSTMENTS 64,471.21 $2,660,878.80 Items $50,000 and less 1. ADVENT SIGN MFG. CO. $51,750.00 2. B&K MFG CO INC 42,668.50 3. BELLCO 42,710.74 4. BOSTON SHOECASE CO 52,174.50 5. DYNAMIC METAL PRODUCTS 36,546.05 6. EVERHART CO 47,519.14 7. FULLER TRAVEL 32,470.11 8. GOOD HOUSE HOME VIDEO INC 46,472.67 9. HARRAH'S METALS, INC. 51,279.85 10. J C LICHT CO-GLENDALE HTS 53,228.47 11. LIBERTY LIGHTING 46,802.78 12. LONG BEACH LAWN SERVICE 48,488.96 13. PREMIER WHIRLPOOL BATH 6,550.33 14. QUAKER TRANSANALYSIS 50,363.69 15. TOWER INTERNATIONAL 37,299.57 $646,325.34 TOTAL TESTED $6,078,646.68
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FIGURE 16-9 Replies to Requests for Information STATEMENT FROM FIBERCHEM Pinnacle Manufacturing Detroit, MI Amounts due as of December 31, 2011 Invoice No. Date Amount Balance Due 8312 11/22/2011 $300,000.00 $300,000.00 8469 12/02/2011 $178,000.00 $478,000.00 8819 12/18/2011 $315,049.89 $793,049.89 (1) 9002 12/30/2011 $32,500.00 (2) $825,549.89 Auditor's notes: (1) Agrees with accounts payable listing. (2) Goods shipped FOB Fiberchem's plant on December 31, 2011, arrived at Pinnacle Manufacturing on January 4, 2012. STATEMENT FROM MOBIL OIL Pinnacle Manufacturing Detroit, MI Amounts due as of December 31, 2011 Invoice No. Date Amount Balance Due DX14777 12/23/2011 $93,210.48 $93,210.48 (1) DX16908 12/29/2011 $37,812.00 (2) $131,022.48 Auditor's notes: (1) Agrees with accounts payable listing. (2) Goods shipped FOB Pinnacle Manufacturing December 29, 2011; arrived at Pinnacle Manufacturing on January 3, 2012 STATEMENT FROM NORRIS INDUSTRIES Pinnacle Manufacturing Detroit, MI Amounts due as of December 31, 2011 Invoice No. Date Amount Balance Due 14896 12/27/2011 $88,314.64 $88,314.64 (1) 15111 12/28/2011 $117,296.00 (2) $205,610.64 Auditor's notes: (1) Agrees with accounts payable listing. (2) Goods received December 30, 2011, recorded on January 2, 2012. STATEMENT FROM REMINGTON SUPPLY Pinnacle Manufacturing Detroit, MI Amounts due as of December 31, 2011 Invoice No. Date Amount Balance Due 141702 11/11/2011 $23,067.00 $23,067.00 142619 11/19/2011 $12,000.00 $35,067.00 142811 12/04/2011 $7,100.00 $42,167.00 143600 12/21/2011 $27,715.24 $69,882.24 144927 12/29/2011 (2) $53,529.00 $123,411.24 (1) Auditor's notes: (1) Agrees with accounts payable listing. (2) Goods shipped FOB Pinnacle Manufacturing on December 29, 2011, arrived at Pinnacle Manufacturing on January 4, 2012. STATEMENT FROM ADVENT SIGN MFG. CO. Pinnacle Manufacturing Detroit, MI Amounts due as of December 31, 2011 First progress billing per contract $51,750.00 (1) Second progress billing per contract $7,500.00 (2) Total due $59,250.00 Auditor's notes: (1) Agrees with accounts payable listing.
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Case 16-35 AP Detail - Figure 16-8 Pinnacle Manufacturing...

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