Maynard Company

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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 | | 7,935.00...
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