35O MANAGEMENT OF DAIRY PLANTS 



if the resources of the firm show an increase above the liabilities 

 equal to the monthly profit. 



FORM XLIII 



FINANCIAL STATEMENT JUNE IST 

 Resources 



Plant and equipment $15,120.00 



Butter on hand . 2,827.20 



Ice cream on hand 108.00 



Milk and cream on hand 85.00 



Coal on hand 24.00 



Supplies on hand, butter department 367.96 



" " " ice cream " 260.00 



Accounts receivable 3,295.02 



Bank balance 669.77 



Money on hand in office 52.15 



$22,855.60 



Liabilities 



Capital stock $15,000.00 



Due patrons for milk and cream 660.50 



Bills payable 370.67 



Notes payable 5,000.00 



Undivided profit previous to May 1,291.20 



Profit for May 486.75 



$22,855.60 



At the close of the year, plant, fixtures, etc., should be re- 

 valued, uncollectible accounts and notes should be charged off, 

 and the new year should be begun with figures representing the 

 actual value of the resources. 



