Maynard Company

Maynard Company | | | Balance Sheet | | | As of June 1 and June 30, 20xx | | | | | | | | | | | ASSETS | 1-Jun | 30-Jun | | movements | Current assets | | | | | | Cash | | | 34,983.00 | 66,660.00 | | 31,677.00 | Accounts receivable | | 21,798.00 | 26,505.00 | | 4,707.00 | Notes receivable | | 11,700.00 | 0.00 | | (11,700.00) | Prepaid insurance | | 3,150.00 | 2,826.00 | | (324.00) | Supplies | | | 5,559.00 | 6,630.00 | | 1,071.00 | Merchandise inventory | | 29,835.00 | 26,520.00 | | (3,315.00) | | Total current assets | 107,025.00 | 129,141.00 | | 22,116.00 | Noncurrent assets | | | | | | Land | | | 89,700.00 | 89,700.00 | | 0.00 | Building | | | 585,000.00 | 585,000.00 | | 0.00 | | Less: Depreciation | | (156,000.00) | (157,950.00) | | (1,950.00) | Equipment | | | 13,260.00 | 36,660.00 | | 23,400.00 | | Less: Depreciation | | (5,304.00) | (5,928.00) | | (624.00) | Other noncurrent assets | | 4,857.00 | 5,265.00 | | 408.00 | | Total noncurrent assets | 531,513.00 | 552,747.00 | | 21,234.00 | | | | | | | | | TOTAL ASSETS | | 638,538.00 | 681,888.00 | | 43,350.00 | | | | | | | | | LIABILITIES &
SHAREHOLDER'S EQUITY | 1-Jun | 30-Jun | | | Current liabilities | | | | | | Accounts payable | | 8,517.00 | 21,315.00 | | 12,798.00 | Notes payable | | 8,385.00 | 29,250.00 | | 20,865.00 | Wages payable | | 1,974.00 | 2,202.00 | | 228.00 | Taxes payable | | 5,700.00 | 7,224.00 | | 1,524.00 | | Total current liabilities | 24,576.00 | 59,991.00 | | 35,415.00 | Noncurrent liabilities | | 2,451.00 | 2,451.00 | | 0.00 | | Total liabilities | | 27,027.00 | 62,442.00 | | 35,415.00 | | | | | | | | | Shareholder's equity | | | | | | Capital stock | | | 390,000.00 | 390,000.00 | | 0.00 | Retained earnings | | 221,511.00 | 229,446.00