Maynard Company (A) (Trading Company)

by June 1
Assets Liability & Owner's Equity
Current Assets Current Liability
Cash 34,983 Accounts Payable
Accounts Receivable 21,798 Accrued Wages Payable
Note Receivable 11,700 Taxes Payable
Merchandise Inventory 29,835 Total Current Liability
Supplies on Hand 5,559
Prepaid Insurance 3,150 Long term Liability
Total Current Assets 107,025 Bank Notes Payable
Others
Fixed Assets Total Long Term Liability
Property, Plant, Equipment
Land 89,700 Equity
Building 585,000 Capital Stock
Equipment 13,260 Retained Earnings
Accumulated Dep. On Building -156,000 Total Equity
Accumulated Dep. On Equipment -5,304
Others 4,857
Total Non Current Assets 531,513

Total Assets 638,538 Total Liability + Owner's Equity

Maynard Company (A)

by June 30
Assets Liability & Owner's Equity
Current Assets Current Liability
Cash 66,660 Accounts Payable
Accounts Receivable 26,505 Accrued Wages Payable
Note Receivable 0 Taxes Payable
Merchandise Inventory 26,520 Total Current Liability
Supplies on Hand 6,630
Prepaid Insurance 2,826 Long term Liability
Total Current Assets 129,141 Bank Notes Payable
Others
Non Current Assets Total Long Term Liability
Property, Plant, Equipment
Land 89,700 Equity
Building 585,000 Capital Stock
Equipment 36,660 Retained Earnings
Accumulated Dep. On Building -157,950 Total Equity
Accumulated Dep. On Equipment -5,928
Others 5,265
Total Non Current Assets 552,747
Total Assets 681,888 Total Liability + Owner's Equity
 8,517
1,974
5,700
16,191

8,385
2,451
10,836

390,000
221,511
611,511

638,538

21,315
2,202
7,224
30,741

29,250
2,451
31,701

390,000
229,446
619,446
681,888