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  • Maynard Company

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    Sekar Wiridiana
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    The balance sheet shows Maynard Company's assets, liabilities, and shareholders' equity as of June 1. Total assets are $638,556, including current assets of $107,025 and property/equipment of $526,656. Total liabilities are $24,576 in current liabilities and $2,451 in non-current liabilities. Shareholders' equity includes $390,000 in capital stock and $221,511 in retained earnings.

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    Maynard Case Solution

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    The balance sheet shows Maynard Company's assets, liabilities, and shareholders' equity as of June 1. Total assets are $638,556, including current assets of $107,025 and property/equipment of $526,656. Total liabilities are $24,576 in current liabilities and $2,451 in non-current liabilities. Shareholders' equity includes $390,000 in capital stock and $221,511 in retained earnings.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    201 views6 pages

    Maynard Company

    Uploaded by

    Sekar Wiridiana
    The balance sheet shows Maynard Company's assets, liabilities, and shareholders' equity as of June 1. Total assets are $638,556, including current assets of $107,025 and property/equipment of $526,656. Total liabilities are $24,576 in current liabilities and $2,451 in non-current liabilities. Shareholders' equity includes $390,000 in capital stock and $221,511 in retained earnings.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 6

    MAYNARD COMPANY

    Balance Sheet
    As of June 1
    Asset
    Current Asset
    Cash
    Accounts Receivable
    Merchandise Inventory
    Prepaid Insurance
    Suplies on hand
    Note Receivable, Diane Maynard
    Total Current Assets

    Property, and Equpiment


    Land
    Building
    Less Accumulated Depreciation
    Equipment at cost
    Less AccumulatedEquipment Depre
    Net property and equipment

    34,983.00
    21,798.00
    29,835.00
    3,150.00
    5,559.00
    11,700.00
    $

    107,025.00

    89,700.00

    585,000.00
    156,000.00 $
    13,260.00
    5,304.00 $
    $

    429,000.00
    7,956.00
    526,656.00

    Other Assets
    non-current assets

    4,875.00

    Total Assets

    638,556.00

    Current Ratio
    Capitalization Ratio

    4.3548583984
    0.039

    MAYNARD COMPANY
    Balance Sheet
    As of June 1
    Liabilities and Shareholders' Equity
    Current Liabilities
    Accounts Payable
    Taxes Payable
    Accrued Wages Payable
    Banks note Payable

    8,517.00
    5,700.00
    1,974.00
    8,385.00

    Total Current Liabilities

    24,576.00

    Other Liabilities
    Non-Current Liabilities

    2,451.00

    Shareholders' Equity
    Capital Stock
    Retained earnings
    Total Shareholders' Equity

    Total Liability and Shareholders' Equity

    390,000.00
    221,511.00
    $ 611,511.00

    $ 638,538.00

    MAYNARD COMPANY
    Balance Sheet
    As of June 30
    Asset
    Current Asset
    Cash
    Accounts Receivable
    Merchandise Inventory
    Prepaid Insurance
    Suplies on hand
    Note Receivable, Diane Maynard
    Total Current Assets

    Property, and Equpiment


    Land
    Building
    Less Accumulated Depreciation
    Equipment at cost
    Less AccumulatedEquipment Depreciat
    Net property and equipment

    66,660.00
    26,505.00
    26,520.00
    2,826.00
    6,630.00
    -

    585,000.00
    157,950.00
    36,660.00
    5,928.00

    Other Assets
    non-current assets

    Total Assets

    Income Statement
    For June 1
    Sales Revenue

    MAYNARD COMPANY
    Balance Sheet
    As of June 30
    Liabilities and Shareholders' Equity
    Current Liabilities
    Accounts Payable
    Taxes Payable
    Accrued Wages Payable
    Banks note Payable

    21,315.00
    7,224.00
    2,202.00
    29,250.00

    129,141.00
    Total Current Liabilities

    $
    $
    $
    $

    89,700.00 Other Liabilities


    Non-Current Liabilities
    427,050.00
    Shareholders' Equity
    30,732.00 Capital Stock
    $
    547,482.00 Retained earnings
    Total Shareholders' Equity

    390,000.00
    229,446.00

    5,265.00

    681,888.00 Total Liability and Shareholders' Equity


    Income Statement
    For June 1

    Current Ratio
    Capitalization ratio

    ders' Equity

    59,991.00

    2,451.00

    619,446.00

    681,888.00

    2.1526729
    0.088

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