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Maynard Company (A)

The document summarizes the balance sheet of Maynard Company from June 1st to June 30th. It shows that total assets increased from $638,538 to $681,888 over the month. Liabilities also increased, with bank notes payable rising from $8,385 to $29,250. The capitalization ratio decreased from 4% to 9% while retained earnings increased from $221,511 to $229,446.

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56 views2 pages

Maynard Company (A)

The document summarizes the balance sheet of Maynard Company from June 1st to June 30th. It shows that total assets increased from $638,538 to $681,888 over the month. Liabilities also increased, with bank notes payable rising from $8,385 to $29,250. The capitalization ratio decreased from 4% to 9% while retained earnings increased from $221,511 to $229,446.

Uploaded by

flamebuster007
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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MAYNARD COMPANY (A)

Liablities June 1st June 30th Assets June 1st


Shareholder Funds Non Current Assets
Capital Stock 390,000.00 390,000.00 Land 89,700.00
Retained Earnings 221,511.00 229,446.00 Building 585,000.00
TSF 611,511.00 619,446.00
Non Current Liabilities Acc Dep (156,000.00) 429,000.00
Other Non current liabilities 2,451.00 2,451.00 Equipment 13,260.00
Bank Notes Payable 8,385.00 29,250.00 Acc Dep (5,304.00) 7,956.00
Current Liabilities Supplies on Hand 5,559.00
Taxes Payable 5,700.00 7,224.00 Non Current Asset 4,857.00
Accounts Payable 8,517.00 21,315.00 Current Assets
Accured Wages Payable 1,974.00 2,202.00 Cash 34,983.00
Acc Receivable 21,798.00
Merch Inventory 29,835.00
Notes Receivable 11,700.00
Prepaid Insurance 3,150.00
Total 638,538.00 681,888.00 Total Err:522

Capitalisation Ratio 4% 9% Current Ratio 6.27

Nincome 19,635.00
Dividend Paid 11,700.00
Rearnings -
June 30th

89,700.00
585,000.00

(157,950.00) 427,050.00
36,660.00
(5,928.00) 30,732.00
6,630.00
5,265.00

66,660.00
26,505.00
26,520.00
-
2,826.00
Err:522

3.99

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