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535-03 Page 98
COMPANY'S CASH ACCOUNT REVENUE 1945 Credit balance.................................................................... $ 571.16 Commission on manufacturing....................................................$2336.70 Lockerrentals.............................................................................. 460.00 Interest on bonds........................................................................ 45.00 $2841.70 $341:.86 EXPENDITURE Plant insurance, 3 years............................................................$ 450.10 Stock insurance, 1 year.............................................................. 52.50 Supplies........................................................................................ 313.33 Vat agitator, motors and curd mill ............................................ 933.00 Repairwork.................................................................................. 102.82 Governmenttaxes........................................................................ 153.43 Provincial taxes............................................................................ 7.00 Municipal taxes............................................................................ 76.45 -r , Corporation tax.......................................................................... 66.56 General expenses........................................................................ 2�65.53 Salaries......................................................................................... 595.00, - , . Ilydroelectric............................................................................. I 120.00 1945 dividend of 55i.................................................................. 202.50 --$3327.21 Credit balance in bank ........................................................ I... 8585.6565 $3412.86 ASSETS AND LIABILITIES. ASSETS LIABILITIES Factory and land ..............$ 4500.00 162 shares ........................$ 4050.00 Dwelling and land .............. 1000.00 Value of assets over lia- Equipment and machinery 4600.00 bilities .,r........._ 7635.65 Victory Bonds .................... 1500.00 Cash on hand ...................... 95.65 $11685.65 $11685.65 PROFIT AND LOSS Revenue received 1946.......................................... $2841.70 Expense account .................................................... 3327.21 Less: Dividend........................................................ 202.50 Federal Taxes .............................................. 153.43 ;. New equipment ............................................ 933.00 $128,8.93 $2038.28 Depreciation.................................................. 295.73 Profit for year ........................ I..................... 507.69 $2841.70 $2841.70 ANNUAL MEETINGS' Shareholders - - At the factory, Feb. 6th Patrons - - Community Hall, Feb. 201b 11 iLune 1'r inq In 4�rxull