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  • 3 Notes To Financial Position

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    czymon
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    The document outlines 7 notes summarizing the company's assets, liabilities, and equity. Note 1 describes cash and cash equivalents including petty cash and amounts in bank accounts. Note 2 covers accounts receivable, allowance for doubtful accounts, notes receivable, and interest receivable. Note 3 lists inventories. Note 4 lists prepaid expenses like insurance, supplies and advertising. Note 5 describes property, plant and equipment including land, buildings, delivery equipment, and furniture with accumulated depreciation. Note 6 lists trade payables, accrued expenses, notes payable, advances, unearned rent, amounts due to the president and interest payable. Note 7 covers long term bonds payable.

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    3 Notes to Financial Position

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    The document outlines 7 notes summarizing the company's assets, liabilities, and equity. Note 1 describes cash and cash equivalents including petty cash and amounts in bank accounts. Note 2 covers accounts receivable, allowance for doubtful accounts, notes receivable, and interest receivable. Note 3 lists inventories. Note 4 lists prepaid expenses like insurance, supplies and advertising. Note 5 describes property, plant and equipment including land, buildings, delivery equipment, and furniture with accumulated depreciation. Note 6 lists trade payables, accrued expenses, notes payable, advances, unearned rent, amounts due to the president and interest payable. Note 7 covers long term bonds payable.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    15 views6 pages

    3 Notes To Financial Position

    Uploaded by

    czymon
    The document outlines 7 notes summarizing the company's assets, liabilities, and equity. Note 1 describes cash and cash equivalents including petty cash and amounts in bank accounts. Note 2 covers accounts receivable, allowance for doubtful accounts, notes receivable, and interest receivable. Note 3 lists inventories. Note 4 lists prepaid expenses like insurance, supplies and advertising. Note 5 describes property, plant and equipment including land, buildings, delivery equipment, and furniture with accumulated depreciation. Note 6 lists trade payables, accrued expenses, notes payable, advances, unearned rent, amounts due to the president and interest payable. Note 7 covers long term bonds payable.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 6

    Note 1 Cash and Cash Equivalents

    Petty Cash Fund


    Cash in Bank

    Note 2 Trade and other Receivables


    Accounts Receivable
    Less: Allowance for Doubtful Accounts
    Notes Receivable
    Interest Receivable

    Note 3 Inventories
    Inventories

    Note 4 Prepaid Expenses


    Prepaid Insurance
    Office and Store Supplies
    Prepaid Advertising

    Note 5 Property, Plant and Equipment


    Land
    Building
    Less: Accumulated Depreciation - Building
    Delivery Equipment
    Furniture, Fixtures & Equipment
    Less: Accumulated Depreciation - Furniture, Fixtures & Equipment

    Note 6 Trade and Other Payables


    Accounts Payable
    Accrued Expenses
    Notes Payable
    Advances From Customers
    Unearned Rent Income
    Advances From President
    Interest Payable
    Salaries Payable
    Other Liabilities
    Note 7 Long Term Notes
    Bonds Payable
    Page 1

    10,250.00
    432,710.00
    442,960.00

    808,300.00
    - 32,925.00
    550,000.00
    11,461.11
    1,336,836.11

    1,484,220.00

    20,895.83
    24,190.00
    75,000.00
    120,085.83

    4,200,000.00
    2,350,000.00
    - 110,000.00
    575,000.00
    241,000.00
    xtures & Equipment - 161,766.67
    7,094,233.33

    1,522,520.00
    149,930.00
    750,000.00
    98,360.00
    210,000.00
    300,000.00
    172,333.33
    45,871.40
    212,000.00
    3,461,014.73

    2,031,920.00

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