Issue 2009 #2
Table of Contents:
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Western Tract Mission, Inc.
Balance Sheet
As at December 31, 2008
ASSETS
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2008
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2007
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Current Assets
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Bank
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$15,814
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$14,395
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Guaranteed Investment (note 3)
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$16,054
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15,506
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Prepaid insurance
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1,085
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1,053
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Total Current
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32,953
|
30,954
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Capital Assets
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Land
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5,000
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5,000
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Building
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74,623
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74,623
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Furniture & Fixture
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129,710
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128,394
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Total Assets
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242,291
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238,971
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LIABILITIES
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Accounts payable and accrued liabilities (see note 4)
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3,911
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2,267
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EQUITY
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Balance beginning of year
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236,704
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243,503
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Add: operating income for year
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1,676
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(6,799)
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Balance end of year
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238,380
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236,704
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TOTAL LIABILITIES & EQUITY
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$238,971
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$247,064
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APPROVED:Arnold Stobbe, Director
Archie Loewen, President of Board of Directors.
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