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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1727 |
Essay's paper body
| | | | | | |
Case 2-1 Maynard Company
|Maynard Company | |Maynard Company |
|Balance Sheet | |Balance Sheet |
|As of June 1 | |As of June 30 |
| | | | | | | |
|ASSETS | |ASSETS |
| | | | | | | |
|Current Assets | | | |Current Assets | | |
|Cash |$34,983 | | |Cash |$66,660 | |
|A/C Receivables |$21,798 | | |A/C Receivables |$26,505 | |
|Merchandise Inventory |$29,835 | | |Merchandise Inventory |$26,520 | |
|Notes Receivables |$11,700 | | |Notes Receivables |$0 | |
|Prepaid Insurance |$3,150 | | |Prepaid Insurance |$2,826 | |
|Supplies on Hand |$5,559 | | |Supplies on Hand |$6,630 | |
| | | | | | | |
|Total Current Assets | |$107,025 | |Total Current Assets | |$129,141 |
| | | | | | | |
|Properties, Plant and Equipment | | | |Properties, Plant and Equipment | | |
|Land | |$89,700 | |Land | |$89,700 |
|Building and Equipment |$598,260 | | |Building and Equipment |$621,660 | |
|Less: Accumulated Depreciation |$161,304 |$436,956 | |Less: Accumulated Depreciation |$163,878 |$457,782 |
|Net: Properties, Plant and Equipment | |$526,656 | |Net: Properties, Plant and Equipment | |$547,482 |
| | | | | | | |
|Other Assets | | | |Other Assets | | |
|Other Non-current Assets | |$4,857 | |Other Non-current Assets | |$5,265 |
| | | | | | | |
|Total Assets | |$638,538 | |Total Assets | |$681,888 |
| | | | | | | |
|LIABILITIES AND OWNER'S EQUITY | |LIABILITIES AND OWNER'S EQUITY |
| | | | | | | |
|Current Liabilities | | | |Current Liabilities | | |
|Accounts Payable |$8,517 | | |Accounts Payable |$21,315 | |
|Taxes Payable |$5,700 | | |Taxes Payable |$7,224 | |
|Accrued Wages Payable |$1,974 | | |Accrued Wages Payable |$2,202 | |
|Bank Notes Payable |$8,385 | | |Bank Notes Payable |$29,250 | |
| | | | | | | |
| | | | | | | |
|Total Current Liabilities | |$24,576 | |Total Current Liabilities | |$59,991 |
| | | | | | | |
|Other non-current liabilities | |$2,451 | |Other non-current liabilities | |$2,451 |
| | | | | | | |
|Shareholder's Equity | | | |Shareholder's Equity | | |
|Paid-in Capital |$390,000 | | |Paid-in Capital |$390,000 | |
|Retained Earnings |$221,511 | | |Retained Earnings |$229,446 | |
| | | | | | | |
|Total Shareholder's Equity | |$611,511 | |Total Shareholder's Equity | |$619,446 |
| | | | | | | |
|Total Liabilities and Shareholder's Equity | |$638,538 | |Total Liabilities and Shareholder's Equity | |$681,888 |
Questions:
1...
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| | | | | | |
Case 2-1 Maynard Company
|Maynard Company | |Maynard Company |
|Balance Sheet | |Balance Sheet |
|As of June 1 | |As of June 30 |
| | | | | | | |
|ASSETS | |ASSETS |
| | | | | | | |
|Current Assets | | | |Current Assets | | |
|Cash |$34,983 | | |Cash |$66,660 | |
|A/C Receivables |$21,798 | | |A/C Receivables |$26,505 | |
|Merchandise Inventory |$29,835 | | |Merchandise Inventory |$26,520 | |
|Notes Receivables |$11,700 | | |Notes Receivables |$0 | |
|Prepaid Insurance |$3,150 | | |Prepaid Insurance |$2,826 | |
|Supplies on Hand |$5,559 | | |Supplies on Hand |$6,630 | |
| | | | | | | |
|Total Current Assets | |$107,025 | |Total Current Assets | |$129,141 |
| | | | | | | |
|Properties, Plant and Equipment | | | |Properties, Plant and Equipment | | |
|Land | |$89,700 | |Land | |$89,700 |
|Building and Equipment |$598,260 | | |Building and Equipment |$621,660 | |
|Less: Accumulated Depreciation |$161,304 |$436,956 | |Less: Accumulated Depreciation |$163,878 |$457,782 |
|Net: Properties, Plant and Equipment | |$526,656 | |Net: Properties, Plant and Equipment | |$547,482 |
| | | | | | | |
|Other Assets | | | |Other Assets | | |
|Other Non-current Assets | |$4,857 | |Other Non-current Assets | |$5,265 |
| | | | | | | |
|Total Assets | |$638,538 | |Total Assets | |$681,888 |
| | | | | | | |
|LIABILITIES AND OWNER'S EQUITY | |LIABILITIES AND OWNER'S EQUITY |
| | | | | | | |
|Current Liabilities | | | |Current Liabilities | | |
|Accounts Payable |$8,517 | | |Accounts Payable |$21,315 | |
|Taxes Payable |$5,700 | | |Taxes Payable |$7,224 | |
|Accrued Wages Payable |$1,974 | | |Accrued Wages Payable |$2,202 | |
|Bank Notes Payable |$8,385 | | |Bank Notes Payable |$29,250 | |
| | | | | | | |
| | | | | | | |
|Total Current Liabilities | |$24,576 | |Total Current Liabilities | |$59,991 |
| | | | | | | |
|Other non-current liabilities | |$2,451 | |Other non-current liabilities | |$2,451 |
| | | | | | | |
|Shareholder's Equity | | | |Shareholder's Equity | | |
|Paid-in Capital |$390,000 | | |Paid-in Capital |$390,000 | |
|Retained Earnings |$221,511 | | |Retained Earnings |$229,446 | |
| | | | | | | |
|Total Shareholder's Equity | |$611,511 | |Total Shareholder's Equity | |$619,446 |
| | | | | | | |
|Total Liabilities and Shareholder's Equity | |$638,538 | |Total Liabilities and Shareholder's Equity | |$681,888 |
Questions:
1...
Essay fragment
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