Professional Documents
Culture Documents
Assets
Current Assets
Cash 2,950,000
Accounts receivable 95,000
Allowance for Doubtful Accounts (10,000)
Merchandise Inventory 60,000
Supplies 5,000
Prepaid Insurance 3,450,000
Total current assets 6,550,000
Non-Current Assets
Land 5,000,000
Building 4,000,000
Accumulated Depreciation- Building (395,000)
Machinery and Equipment 300,000
Accumulated Depreciation-Machinery and Equipment (29,000)
Furnitures and Fixtures 100,000
Accumulated Depreciation-Furnitures and Fixtures (9,000)
Total fixed assets 8,967,000
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