Title: Maynard Company

Essay Details

Subject: Business
Author: Jesus B
Date: October 13, 2014
Level: University
Grade: B
Length: 4 / 915
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Also, payments of insurance were credited from prepaid insurance resulting in no cash being removed from the account. 2. Accounts Receivable: There is an increase in accounts receivable as of June 30 by $4,707. This could be the result of the company making sales on credit. 3. Supplies on hand: There is an increase in supplies on hand as of June 30 by $1,071...

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This could be the result of the company having purchased more supplies during the month. 4. Merchandise Inventory: There is a decrease in merchandise inventory as of June 30 by $3,315.The reason of the decrease would be that the company has made sales during the month. 5. Prepaid Insurance: There is a decrease in prepaid insurance as of June 30 by $324 because at the end of the month, a payment of insurance was due resulting in decreasing the prepaid insurance account...

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