MANHATTAN   ELECTR

BALANCE SHEET
 

ASSETS

Current Assets:

CashinBankandonHand...............................

Working Funds  ........................................

Notes Receivable  ......................................

Accounts Receivable, less Reserve for Doubtful Accounts, Re¬
bates, Etc............................................

Inventories :

Raw Materials and Work in Process....................     $   903,463.89

Finished Stock .......................................         959,307.10

United  States Liberty and Victory  Loan  Bonds and  Accrued

Interest ..............................................

Cash Surrender Value of Life Insurance Policies..............

Charges Deferred to Future Operations :

Stationery and Supplies, Cuts and Electros, Insurance, Taxes,
etc., paid in advance. Advertising >.laterials, etc............

Fixed Assets, Less Reserves :

Real Estate and Buildings................................     $   634,263.89

Machinery, Tools and Equipment..........................         247,731.06

Horses, Trucks and Automobiles..........................             9,793.00

Office and Store Furniture and Fixtures....................           28,008.03

Goodwill, Patents. Trade Marks, Etc.........................
 

$   334,109.89

2,810.00

61,198.44

914,162.43
 

1,861,770.99
$3,164,041.76
 

189,198.46
19,630.00
 

969,795.97
2,502,770.86
 

$6,826,608.66
 

('
 

CERTIFICAlOF

We have made nn examination of the books and accounts of the Manhattan Electrical Supply Co.,Mi:
Balance Sheet is correctly prepared therefrom and, in our opinion, properly presents the financial condition of tpij
The quantities and valuations of the inventories of raw materials, work in process and finished stc''^-f
We have examined the customers' accounts and believe that adequate provision has been made for*'"*-
All ascertained liabilities have been provided for.                                                                                  .

Of the surplus shown, $520,544.04 has been reserved to represent the appropriations made to retii^'a;d

79 Wall Strekt, Nf.w York,
.April 8. 1920.