Document j5n3wEK2kkXab2R2kjQB7V5Z
Al l e mp l o y e es o f t h is p l a n t a r e c o v e r e d u n d e r THE BLANKET BONO OF An a c o n d a Co p p e r Min In c Co mp a n y .
SIGNATURES ON CHECXS AND DRAFTS
Th e f o l l o w in g l is t e d p e r s o n s a r e a u t h o r iz e d t o s ic n a n o c o u n t e r s ig n c h e c k s OR ANN ON THE FIRST NATIONAL BANK IN EAST CHICAGO AND New Yo r k DRAFTS*
G. E. Jo h n s o n F. E. St o l t e L. a . Mil n e A. A. Mil l e r
Pl a n t Ma n a c e r As s is t a n t Se c r e t a r y Ch ie f Cu e r k As s is t a n t Ch ie f Cl e r k
Two SICNATURES ARE REQUIRED ON ALL CHECKS AND ORAFTS.
ERRORS AND DISCREPANCIES
Th e FOLLOW! NC IS A LIST OF ERRORS AND DISCREPANCIES DISCOVERED DURING THE PERIOO OF THE AUDIT ANO WHICH HAVE NOT BEEN SHOWN PREVIOUSLY IN THIS REPOR T.
Sa l a r y Pa y r o l l s
Th e f o l l o w in c p a y r o l l s n a o n j t b e e n a p p r o v e o b y t n e Ma n a g e r a n d w e h a d t hem appr o ved.
Ma v 31, 1944 Au g u s t 15, 1944 No v e mb e r >5, 1944 No v e mb e r 30, 1944
Sa l e s De p a r t me n t Zin c Ox id e De p a r t me n t Al l De p a r t me n t s Al l De p a r t me n t s
Ge n e r a l Le d g e r
Pa c e 170 - Cu s t o m Me t a l Pu r c h a s e s , d e b it c o l u mn a d d e d a s $317,479.69 in s t e a d o f $317,479.67.
Pa g e 188 - Op e r a t in g Ex p e n s e , Le a d Re f in in g De p a r t me n t , c r e o it c o l u mn a d d e d as $480,809.95 in s t ea d o f $29,857.23.
Pa g e 254 - Ou t b o u n d Le a o Fr e ig h t d e b it c o l u mn a o o eo a s $68,111.95 in s t e a d o f $58,111.95.
PNVC00Q00974
N10137
GENERAL REMARKS
FIXED ASSETS
Bu il d in c s a n d Ma c h in e r y a n o Eq u ip me n t a c c o u n t s a r e c a r r ie d o n t h e b o o n s a t t h e New Yo r k Of f ic e a n o t ic Fu r n it u r e a n d Fix t u r e s a c c o u n t ic r e .
Th e e n t ir e b a l a n c e in t h e Co n s t r u c t io n a c c o u n t is t r a n s f e r r e d t o t h e Ne w Yo r k Of f ic e a t t h e e n o o f t h e y e a r r e c a r o l e s s o f w h e t h e r t h e j o b s a r e c o mp l e t e d o r n o t , w h ic h is c o n t r a r y t o t h e p r a c t ic e a t o t h e r An a c o n o a o f f ic e s w h e r e WE HAVE MAOE AUOITS. COMPLETED JOBS SHOULO BE TRANSFERRED TO New Yo r k IN THE mo n t h f o l l o w in c c o mp l e t io n a n d t h e o p e n j o b s l e f t o n t h e b o o k s a t t h e p l a n t . So me j o b s r u n f o r t w o o r t h r e e y e a r s b e f o r e t h e y a r e c l o s e d a n o t h e PLANT RECORDS 00 NOT SHOW THE TRUE PICTURE. Th IS WILL BE PARTICULARLY TRUE a t De c e mb e r 31, 194-4 in c o n n e c t io n w it h a p p r o p r ia t io n No . 161, o is c u s s e o IN THIS REPORT UIOER "FIR E LOSS ACCOUNT", "CONSTRUCTION", ANO "COMPANIES ANO In d iv id u a l s ". Th e c h e c k f r o m Jo h n s o n Hic s in s f o r $11,379.07 w il l b e t r a n s f e r r e d f r o m Co mp a n ie s a n o In d iv id u a l s t o Co n s t r u c t io n . Th e j o b h a s n o t BEEN FINISH E0 ANO IT HAS NOT BEEN DETERMINED AS TO HOW MUCH SHALL BE CAPITALIZED, HOW MUCH IS FIRE LOSS ANO HOW MUCH OF THE OR I SI N AL ASSET SHOULD BE DISMANTLED. Wh e n t h e s e AMOUNTS a r e SET u p IN 1946 THEY WILL c r e a t e a PECULIAR PICTURE, WITH NO BALANCE CARRIED OVER FROM 1944.
ACCOUNTS RECEIVABLE
Cus t o ic r s Ac c o u n t s w e r e f o u n o t o b e in c o o o o r d e r , a l l p a s t o u e a c c o u n t s a r e BEINC CLOSELY FOLLOWED.
Ve r if ic a t io n s t a t e me n t s w e r e ma o c UP ON t h e p r e s c r ib e d f o r ms a n o s e n t t o Po c s o n , Pe LOU BET Co. FOR MAI LINS. THE FOLLOW t MG IS A SUMMARY OF THE STATEMENTS
PREPARED BY USJ
Nu mb e r OF Ac c o u n t s
Amo u n t
Pe r Bo o k s
St a t e me n t s
Pe r Bo o k s St a t e me n t s
Zin c Ox i o e De p a r t me n t Le s s : 1 n t e r -c o mp an y a c c o u n t s
Wh it e Le a d De p a r t men t Cr e o it Ba l a n c e s
Un c o l l e c t ib l e Ac c o u n t s
An a c o n o a Sa l e s Co mp a n y Le s s : 1 n t e r -c o mp a n y Ac c o u n t s
Cr e d it Ba l a n c e
Un c o l l e c t ib l e Ac c o u n t s
35 __ 2
33
176 S
171 2
169
191 ___l_
190 ___l_
189 __ 2 187
$ 51 ,332.76 14,107.50
25 $ 37,225.26 $ 36,833.19
$ 76,462.93 133.46
$ 76,596.39 17.12
71
$ 76,579.27
74,891.83
$ 33,596.87 67.50
$ 33,529.37 1.02
$ 33,530.39 70.12
66
$ 33,460.27
30,257.67
To t a l s
389 162 $147,264.80 $141,982.69
Pe r c e n t o f a c c o u n t s Ve r if ie o
41. 64
96.41
PNYC00000975
SefgRAL REMARKS
CONS I GHED STOCKS
Th e s e r e c o r d s w e r e r o u n d t o b e in v e r y eooo c o n d it io n . Th e r e w e r e v e r y f e w s t o c k s WHICH WERE NOT CURRENTLY MOV INC AND A VERY LA RCE PER CENT ACE OF A CENTS ARE SENOINC IN MONTHLY INVENTORY REPORTS. *E CHECKED THIRTY-TWO OF THESE REPORTS RECEIVED FROM ASENTS TO WHOM WE MAO NOT SENT VERIFICATION STATEMENTS AND FOU K) THEM To BE IN ACREEMENT WITH THE CONSIGNED STOCK R ECO RO.
Ve r if ic a t io n s t a t e me n t s w e r e ma o e u p o n t h e w e s c r ib e o f o r ms a n o s e n t t o Po c s o n , PELOUBET & C0. FOR MAILINC. Th E FOLLOWING IS A SUMMARY OF THE ST ATE 1C NTS PREPAREO BY US I
Nu mb e r o f Ac c o u n t s
POUNOS
Zin c Ox id e
Wa r e h o u s es In n a me o f
Co mp an y
An a c o n d a
Sa l e s
Per Bo o k s
3 10
St a t e me n t s
3 10
Pe r Bo o k s
88,+50 408,000
St a t e me n t s
88,+50 +08,000
Or y Wh it e Le a p
Wa r e h o u s es In n a me o f
Co mp an y
An a c o to a
Sa l e s
3 13
3
75,650
75,650
13
605,300
605,300
Wh it e Le a p -in -Oil
Wa r e h o u s e s Ot h e r s In n a me o f
Co mp a n y
An a c o n d a
Sa l e s
+68
12
100
+8I.0J+
2+0,981-1/2
8 161,406____________1+5,835
To t al s
509
137
1,819,820
1,564,216-1/2
Pe r c e n t o f Ac c o u n t s Ve r if ie d
26.91
85.95
GEICRAL LEDGER
Th e Ge n e r a l Le o c e r is k e p t in b o u n o b o o k f o r m a n d is p o s t e d ma n u a l l y . A n e w Le d g e r WILL BE OPENED AS OF JANUARY I, 19+5 ANO IT IS PROP06E0 TO USE A HOOERN LOOSE LEAF LEOCER SO THAT ACCOUNTS CAN BE CCPT IN TRIAL BALANCE ORDER ANO NEW ACCOUNTS CAN BE
INSERTEO IN THEIR PROPER PLACES.
Th e As s e t a n o Lia b il it y a c c o u n t s a r e s t il l b e in g k e p t b y Re f in in g , Zin c Ox id e a n d Wh it e Le a d d e p a r t men t s a l t h o u g h f o u r y e a r s a g o it w a s s u g g e s t e d b y t h e Ne w Yo r k Of f ic e t h a t t h e y b e c o mb in e o in o n e a c c o u n t . Al l t h a t w a s d o n e a t t h a t t ime w a s
COMBINE THREE LEDGERS INTO ONE 800K.
to
CIRRENT ASSETS
FREIGHT CN AGENCY STOCKS - ZINC OXIDE DEPARTMENT (Co n t in u e d )
At No v e mb e r 30, 1943 a v er a g e f r e ig h t p e r p o u n c o f ma t e r ia l s t a n o s a t $ ,0046 AS AGAINST $ .006 PER POUND AT BEGlANlNG OF THE AUDIT PERIOD. Th Is ACCOUNT IS SET UP ON TIE BASIS OF MULTIPLYING THE POUNDS ON HAND AT EACH LOCATION AT THE ENO OF THE MONTH BY THE FREIGHT RA^E TO THAT LOCATION. Th e DECREASE |A THE RATE PER POUNO IS ACCOUNTED FOR BY THE FACT THAT AT THE BEGINNING OF THE AUOIT PER 100 THERE WAS APPROXIMATELY 336,000 POUNDS OF MATERIAL AT Pa c if ic Co a s t Ag e n c ie s a s c o mp a r e d t o a p p r o x ima t e l y 80,000 p o u n o s a t No v e mb e r 30, 1943.
Th is b a l a n c e w a s v e r if ie d a g a in s t t h e Re c o r d o f Ag e n c y St o c k s a s a t No v emb e r 30, 1943.
FREIGHT ON AGENCY STOCKS - WH fTE LEAP DEPARTMENT Le d g e r De b it Ba l a n c e - No v e mb e r 30, 1943
$ '7,262.64
Re c o n c i l e me n t
Le d g e r Oe b it Ba l a n c e - Ju n e 30, 1942 De b it s - Ju l y 1, 1942 t o
No v e mb e r 30, 1943, In c . Tr a n s f e r s t o St o c k s
Wh it e Le a d
Po u n d s
Amo u n t
Le a o -in -OIL Po u n o s
542,150 $ 2,988.60 1,880,730 $ 11,077.50
2,325,348
12,924,25 1,478,265.5 10,919.41
2,867,498 $ 15,912.85 3,358,995.5 $21,996.91
Cr e c ITS - Ju l y I, 1942 To - No v emb e r 30, 1943, In c .
Sa l e s f r o m St o c k s
Le d g e r De b it Ba l a n c e - No v emb e r 30, 1943
2,412,061 455,437
13,528.56 2,530,752
17,118.56
$ 2,384.29
828,243.5 $ 4,878.35
Th is a c c o u n t is s e t u p o n t w o d if f e r e n t b a s e s * Wh it e LEa o is n a n o l e o in t h e s a me ma n n e r a s Zin c Ox id e , b y mu l t ip l y in g THE POUNDS ON HAKO AT EACH LOCATION AT THE ENO OF THE MONTH BY THE FREIGHT RATE TO THAT LOCATION. LEAO-IN-OIL IS SET UP ON THE BASIS OF AN AVERAGE RATE OF $ .00589 PER POUNO, WHICH HAS 8EEN USED SINCE DECEMBER, 1940, ALTHOUGH THERE HAS BEEN A NET INCREASE OF 3% IN FEDERAL Tax ON FREIGHT RATES SINCE De c e mb er 1, 1942.
At No v e mb e r 30, 1943 a v e r ag e f r e ig h t p e r p o u n o o f w h it e Le a o w a s $ .00523 AND Le a d -in -o il w a s $ .00589 a s a g a in s t $ .00551 a n d $ .00589 r e s p e c t iv e l y , AT THE BEGINNING OF AUDIT PERIOD.
Th e s e b a l a n c e s w e r e v e r if j e o a g a in s t t h e Re c o r d o f Ag e n c y St o c k s a s a t No v e mb e r 30, 1943.
PNYC00000977
ANACONDA SALES COMPANY EAST CHICAGO. I NO! ANA
GENERAL LEDGER TRIAL BALANCE - NOVEMBER 30, 1943
Wh it e Le a d Pu r c h a s e d Wh it e Le a d Sa l e s Wh it e Le a o -ik -Oil Pu r c h a s e d Wh it e Le a o -ih -Oil Sa l e s Zinc Ox id e Pu r c h a s e d Zin c Ox ic e Sa l e s Ne* Yo r k Of f ic e Cu STo u e r s Le o c e r
Dr . Cr .
$ 133,175.93 $
133,175.93
84,249.4-7
84,249.47
143,002.91
143,002.91
36,869.39
38,869.39
______________
$ 399,297.70 $ 399,297.70