Title: Maynard Company
|Date:||October 13, 2014|
|Length:||4 / 915|
|No of views:||0|
|Essay rating:||good 0, average 0, bad 0 (total score: 0)|
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
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
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