Creator:H Tracy Hall Inc
Date Created:August 1977
Place Created:Provo, Utah
Keywords:H Tracy Hall Inc,financial Statements
Context:financial statements for year ended August 31, 1977
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H. TRACY HALL, INCORPORATED
UNAUDITED FINANCIAL STATEMENTS YEARS ENDED AUGUST 31, 1977 AND 1976
Elmer Fox, Westheimer & Co.
Certified Public Accountants
1
H. TRACY HALL, INCORPORATED
UNAUDITED FINANCIAL STATEMENTS YEARS ENDED AUGUST 31, 1977 AND 1976
Elmer Fox, Westheimer & Co.
Certified Public Accountants
Board of Directors H. Tracy Hall, Incorporated Provo, Utah
The accompanying balance sheet of H. Tracy Hall, Incorporated as of August 31, 1977 and August 31, 1976 and the related statements of earnings and retained earnings for the fiscal years then ended were not audited by us and accordingly we do not express an opinion on them.
These statements are for internal use by management and do not include a statement of changes in financial position or all disclosures that might be required for a fair presentation to third parties.
Provo, Utah October 20, 1977
H. TRACY HALL, INCORPORATED BALANCE SHEET (Unaudited)
ASSETS
	August	31,
	1977	1976
Current assets: Cash Prepaid expenses	$ 4,240 9,169	$ 6,644 70
Total current assets	13,409	6,714
Property and equipment, at cost: Machinery and equipment Less accumulated depreciation	32,501 16,074	32,501 10,812
	16,427	21,689
	$29,836	$28,403
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
9-1/2% note payable to a bank Notes payable to stockholders Debentures payable
Total liabilities
Stockholders' equity:
Common stock, $1 par value Authorized - 50,000 shares Issued and outstanding - 25,000 shares Retained earnings
$10,000 11,426 2,500
25,000 (19,090)
5,910
$ 5,000 11,426 2,500
23,926 18,926
25,000 (15,523)
9,477
$29.836 $28,403
H. TRACY HALL, INCORPORATED
STATEMENT OF EARNINGS (LOSS) AND RETAINED EARNINGS (ACCUMULATED DEFICIT)
(Unaudited)
Net sales
Cost of sales
Gross margin on sales
Other earnings: Interest income
Gross earnings
Operating expenses: Salaries and wages Insurance
Freight and express Supplies
Interest expense Travel expense Taxes and licenses Dues and subscriptions Rent
Depreciation and amortization Utilities
Miscellaneous expense
Net earnings (loss)
Retained earnings (deficit) at beginning of year Dividends paid
Retained earnings (deficit) at end of year Net earnings (loss) per share
Year ended
August 31,
1977	1976
$ 5,844	$ 13,342
600	6,569
5,244	6,773
264	637
5,508	7,410
	1,100
366	320
67	138
296	-
594	236
136	2,889
70	723
124	305
185	-
5,327	4,150
765	719
1,145	988
9,075	11,568
(3,567) (4,158)
(15,523) 9,222
_(20,587)
$(19,090)	$(15,523)
$(.14) $(.17)