Document bBJoZ2rM15ppxJnvmpnavGYeg

In t e r -Of f ic e Le t t e r FOR Cleveland Mr . F.A. Stanton An s w e r in g l e t t e r o f f r o m Cleveland OFFICE General Accounting dept . OFFICE Da t e Su b j e c t 11-26-23 October Balance gheet Dic t a t e d b y % ]/ 26 19?3 Tor your Information wish to advise that the October General Accounting balance sheet was rendered five days ahead of last year and three days after due date. We were delayed in rendering this balance sheet due to not receiving factory charges promptly. e Comments on the individual accounts on the above balance sheet are shown below; Headquarters Accounts Receivable A trial balance of the individual accounts carried in the C.C.& E. Department was checked against our control and found to be in balance. Canada Dividend Account curing the mfenth of October the treasurer put through two entries of $100,000. each charging the S.W. Cctqpary of Canada. The remaining $7,000. on the account will be charged to the Canada Faint Company in the month of November. Foreign Controlling Accounts Controlling accounts for London, Australia and Canada have as yet not been verified. London and Canada reconcilements will be rendered today, but as yst ws have not received a statement from Australia. MBtTGwilse Accounts The merchandise accounts all appear to be in line with the exception of the Crone and Acetlo Acid Container accounts on which we show a credit balance. The credit on the Drum account represents Drum depreciation. The credit an the Acetlo Acid Container account is caused 'by more drumfcoriZ: being returned to the factories than were Chipped. Ihaouroved Invoice Account This account le in agreement with the trial balance rendered by the Toucher Department, 0007-SW P-Q00017814 3 Plant Account In checking this account and also the Unapproved Plant account w find an offsetting difference of $5004.70. Mr. O'Shea is at the present time checking out this difference and reconcilement will he made. Paint A~ Tarnish Factonr Balance The individual balance sheets an all Paint 4 Tarnish factories were checked against this control and found to be in agreement. Auxiliary Balances In checking the balance sheets on the Auxiliary Factory balances we find all of them to be in balance with the exe of Chicago White Lead on which there is a difference of $0 A reconcilement of this difference will be obtained within tns next day or ao. Balance sheets on the Cleveland Linseed Oil and Cleveland P.4 S. hare as yet not been rendered. Division Balancee Becanoilementa an all division balances hate been rendered and all are in agreement with the exception of South Atlantic on which there is a difference of $41.70. This difference covers GA-1032310 which represents a charge to Jacksonville Warehouse cohering steel lookers. This chagge was journalised after the reconcilement had been rendered. Correction will be made in the month of November. D.P.4 TJB. Merchandise Account This account covers pratloally nothing but November shipments. I will follow Mr. I sham to obtain a reconcilement of all items prior to November. Affiliated Company Controlling Accounts The 0.3,4 M. Controlling Account shows a difference o $39.01. A reconcilement of this difference will be obtains today. BetssLt White Leqd Works and Smaingwey 4 Conpany are in agreement. SpHngfleld Duster Account This account represents the value of Springfield Busters on hand. 0007-SWP-000017815 In t e r -Of f ic e l e t t e r f o b Cleveland mu P A, Stanton a n s w c h in o Lm* o f r*o* Cleveland omei General Aocomting aiOOaAUWl OCPT. omei OATS Suaiser '11-86-33 October Balance sheet OlCTATCD BY n o v ag 1923 for your information wish to advise that the Ootober Oensrai AccountInc balance sheet was rendered flee days ahead of last year and three days after doe We were delayed in rendering this balance sheet not receiving factory charges prooptly. neats on the iadleldaal hceomts e sheet ere shown below; 1 tr oarrled la the oor coat $oflng the mtnth^of Qdtober the treasurer ret through two entries of $160,000. eaoh chartist the W. Ccqpaay of Canada, fta/rmilnlng $7,000, on the account will be charged t^ihe Chpada Paint Ce the aonth of Sovsafeer. Poreian Control! fling accounts for L Canada have as^et not been earifled. I> reconcilements will be rendered today, but not received:a statement from Australia. Mere Accounts The merchandise accomts all appear to be in the exception of the Brume and Aoetlo Acid Container ouate on which we show a credit balance, the credit on Drum account represents Drat depreciation. The credit on the Acetic Acid Container account is earned'by more being returned to the factories than were shipped. ^fTfTiTT--d Account this account is in --wd by the Voucher. meat with the trial 0007-SWP-000017816 `A 3 Plant Ac o o t m> In ohaeklng this account and alto tha Chapprowad wa find an offaamng dlffarenca of $50dt*2r,"^**r. r"h>~~Ti~at tha pra>aul alrra packing ,opt_^hd*"difference and raeonellaaant wllj ^ --------------balance ahaata on all Paint A TaswiaS wara checks! againat thia central and fotnd te in agraaaant. In cheating tha halanoa ahaata an tha Aoocillarjr Factory halancea wa find all of than to ha In halanoa with tha axeeptim of Chicago fhlta Load on which thara la a differansa of $ A reconcilement of thia diffaranoa will ha obtained within tha nazt day or ao. HBttuBi ahaoif b tha'elarwiand ilnaeed Uil and Cleveland" J*. bare aa pat not boon rendered. J Baeoeoilafcmqta on all division halaaoaa hate ha and all are In agreement with tha aneeptlon of SoothsAClantio on whleh thara la a diffaranoa of $41,9. Shis difference oovara Qd-1033310 whloh rtjqraaanta a charge to^tfeksoorllle Warahona# eowaring steal 1oaken. Shis ehaggv was Jonrnallsed after tha reccnpCfiaant had baaiN&qttrod''Correetien will ha made In tha menth/of Hovnabar> P.P.A V.g, thia a^ootdatr^orars pfatieallp nothing 'hot Hovenbar ahlpnaata. jfl will follow. Ithan to obtain ahpooncilansnt of all item prior to/devaabar. Affiliated Cgenynr Controlling iccoanta Sha 0^,411, Controlling Aeccont ahowa a diffaranoa' 339.01. A/raoexBllaaant of thia difference will ha obtal today. Ddtnit White La%d Works and Soingw^r A Cxpary are In agji--nt. flnaflald Pnatar Aocowt Shla accomt represents tha valna of Springfield postora on hand. 0007-SW-000017817 Administration. Expense and ^distributed Account* A statement of this account is attached. Tbs credit on the Btqpllcator account amounting to $15.92 Is easily explained. We y&mr practicably no stationeiy charges during the month of October. This credit will be practically wiped out in November. We had to restoak with practically all features of stationery. She Post Office Stasp balance was checked against the mailing clerk1* report and found to be in agreement. The Post Office service & Expense was over estimated for the month of October. We will endeavor to adjust this to a certain extent during the month of November. The Special Stamp account is in agreement with the Inventory carried Ty Mise Belwig, Special Preight Suspense covers Chicago freight which was recslved too late to Journalize in October. This will be properly distributed in the month of November. Analysis of the Suspense Undistributed is shown below; CffAPSTta GA-1031438 Bepairs on Pan in Telephone Booth $1.08 OA-1031637 Soap Chips General Office Cleaning 2.40 GA-1032157 Stasps for E.& C. Department 4.22 GA-1032157 Stamp* for General Supervision #2 6.51 GA-1035286 Expense 'H.D.W. Conventi<m of American Society of Sales 60.00 GA-1035339 Telephone Call Mice Johnson .50 TOTAL CHABGES $ 74.71 "" 6HEDITS 94-1031634 Waste Paper 9old 8.58 GA-1031998 Estimated St asp charge for E.& C. 3.75 GA-1031S98 Estimated St asp * t Gan Sgpv. 4.50 TOTAL CHEDITS $ 16.83 Debit Balance $ 57.88" Insurance Prepayments A statement of thla account is attached. U.P.& V,g Corporation Controlling Account Newark finally charged through, the control account far the Export Corporation, In the future this control will be shown under Division Sales. Miscellaneous Accounts A statement of the Miscellaneous accounts is attashed. 4 Comments an sens of the individual accounts follow; The advance payments on Water Meter amounting to $4170* did not change in the month of October* This balance will now be carried foraiother six months. I understand Mr. Oppeit is endeavoring to obtain a refund from the Water Department on one of these payments. The Automobile Guage Stick Account will be cleared in the month of November. The Wallpaper sample account is similar to the account cafried last year and will undoubtedly be cleared in the month of February. There are four outside conventions which we are en deavoring to clear in the month of November. We are following Mr. Larkins very closely for couplets expenses an these conventions. CUBIT SHE OF BALANCE SHEET Accounts Heceivable Both the S.W, and Hemingway & Conpaay accounts recelahble were checked against the control figures and found to be in agreement. Matual Benefit Association The balance shown on the financial statement was checked against this account and found to be in agreement. Aoorued Taxes The statement of accrued taxes is attached. The writer has already started analysis of the November sales and expects to have this conpleted some time Wednesday. Tours very truly, F.A. STAN?ON, e Ss Vc ? General Auditor. 9 0007-SWP-000017819