Creator:H Tracy Hall Inc
Date Created:August 31, 1973
Place Created:Provo, Utah
Keywords:H Tracy Hall Inc,financial statements
Context:financial statements from year ended August 31, 1973
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H. TRACY HALL, INCORPORATED
UNAUDITED FINANCIAL STATEMENTS YEARS ENDED AUGUST 31, ill, i1 JUULI Jul, l'
1*173
Elmer Fox,Westheimer & Co.
Certified Public Accountants
H. TRACY HALL, INC. FINANCIAL STATEMENTS AUGUST 31, 1973
Unaudited - No Opinion Expressed
Elmer Fox
£
Company
Certified Public Accountants
H. Tracy Hall, Inc. Provo, Utah
The accompanying balance sheet of H. Tracy Hall, Inc. as of August 31, 1973 and the related income statement for the year then ended were not audited by us and accordingly we do not express an opinion on them. The financial statements are for the internal use of management and therefore do not necessarily include all disclosures that might be required for a fair presentation in conformity with generally accepted accounting principles.
ELMER FOX & COMPANY
Provo, Utah October 9, 1973
H. TRACY HALL, INC.
Exhibit A
BALANCE SHEET August 31, 1973
ASSETS
Current Assets Cash on Deposit Inventory
Total Current Assets
Machinery and Equipment
Less Accumulated Depreciation Undepreciated Balance
Other Assets
Organization Expense Less Amortization Total Other Assets
Total Assets
$ 9,824.12 32.681.91
21,302.02 1.755.00
324.75 59.54.
$ 42,506.03
19,547.02
265.21
$ 62.318.26
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Customer Deposit
Loans from Shareholders
Notes Payable - First Security Bank
of Utah Debentures Payable
Total Liabilities
Stockholders' Equity - Incorporated Capital Stock - 25,000 Shares Issued
and Outstanding Retained Earnings (Deficit)
Total Stockholders' Equity
885.00 5,050.00
40,000.00 2.500.00
25,000.00 ( 11.116.74)
$ 48,435.00
Total Liabilities and Stockholders' Equity
13.883.26
3 62.318.26
Unaudited - No Opinion Expressed
H. TRACY HALL, INC.
Exhibit B
INCOME STATEMENT Year ended August 31, 1973
Interest Income
Expenses
Salaries and Wages Insurance Payroll Taxes Freight and Express Supplies Utilities Interest Expense Advertising
Travel and Entertainment Professional Fees Dues and Subscriptions Rent
Other Taxes and Licenses Amortization Expense Depreciation
Total Expenses
Net Loss
222.17
2,600.00 348.42 218.40 132.28 3,027.02 588.63 388.98 44.49 614.08 207.25 180.62 840.00 334.20 59.54 1.755.00
11,338.91 (S 11.116.74)
Unaudited - No Opinion Expressed