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PAN-PACIFIC ENTOMOLOGIST 
PACIFIC COAST ENTOMOLOGICAL SOCIETY 
NOTES TO THE FINANCIAL STATEMENTS 
Year Ended September 30, 1978 
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
Accounting Method 
Income, expenditures and assets are recorded on the cash basis of 
accounting. 
Marketable Securities 
American Telephone & Telegraph Co. common stock is carried at market 
value. Increases and decreases in value are reflected in income. 
Income Tax 
The Society is exempt from Federal income and California franchise tax. 
Accounts Receivable 
As of September 30, 1978 accounts receivable aggregated $884 as follows: 
September, 1978 billings . $803 
Prior billings. .81_ 
$884 
As Chairman of the Auditing Committee, and in accordance with its by laws, 
I have reviewed the financial records of the Society. 
During the course of this review nothing was noted which indicated any 
inaccuracy in the foregoing statements. 
H. Vannoy Davis 
Chairman of the Auditing Committee 
October issue mailed April 5, 1979 
