Document ympzZo773JLmOVZde9Yr9XQN6

B3PQRT or UR. C. H. BOYER RBUTIBO TO AUDIT OF THE mco?n>i l *\d p r o d u c t s cornyt - b is ? c h ic ig o , iroim, JTJKB 9TB. 1927. . 1 PERIOD C0VBR5D BT 1GPIT: Cash ludlt General ludit Deo. let. 1926 to lprll 30th, 1927* inc. lor. 1st, 1926 to liaroh 31st, 1927* lno. TIMS HB1UIHBD FOB 1UDIE: 9 Daps OISE: Cash Book Balance - lprll 28th, 1927 Cash on Hand - lprll 28th, 1927 - 10:00 l.M. - Checks: 4/26/27'- 1. C. Horn Co. *____ ftL BOOKS UP HECORDS CEBSOD: OISE BOOK: Pootin as 2$f Complete Paid looal hank oheoks to Cash Book Posting to General Ledger Postings to Cm toners Ledger Verified outstanding oheoks as of Verified oertlfloate of halanes famished bp the first Cilnnst Ernst end Savings Bank, Bast Chloage, Xnd. Deo. 1st, 1926 to Peb. 28th, 1927. lno. Mar. 1st, 1927 to lprll 30th, 1927, lno. Mar. 1st, 1927 to lprll 30th, 1927. lno. Maroh 1927 and tests. Maroh 1927 lprll 30th, 1927. lprll 30th, 1927* EBClPITOLinoy OP GISH BOOH - DBC. 1S. 1926 TO 1PRIL tOM. 1927. PC. Cash Book Balaaoe - Deoenber 1st, 1926 R3CEIPS: lev Tork Drafts deposited in Bast Chicago Bank lev Tork Drafts drawn against vouchers Sundry Reoelpts $ 10.000.00 869.35 total DIBBOBS*seswftr lev Tozk Drafts dram * 162.093.15 Looal oheoks drawn 12.628.72 Deposits to oredlt of inaoonda Copper Mining Co., Isr lark ?g5r6?o>95 Cash Book Balance - lprll 30th, 1927 500,805,79 5.QP.-,^-92 1 393.87 Made Bp as follows; 4 Cash on Band - Bast Chlosgo Office t first Calonet frost and Saving* Bank, Bast Chicago, Ind. 1$* 323,l 1 HBOOIOILUKCM OP Mr avATgugwy. FIRST C1LUMBT THOSE AID S1VIIG3 BUT, BAST CHIC1G0, HDII11. Balance - Deoenber 1st, 1926 lid - lev Tork Drafts deposited Other funds deposited 8 10,000.00 2,153.21 Total Deduct - Oheoks Drssn fialanoe - lprll 50th, 1927. ss psr Cash Book it, - Oat.tending ChMk, $ $ * 869.35 12,153.24 13,022.59 12,628.72 393.87 Buk i ^u m - April 30th. 1927, u par o.rtlfic.te tteoh4 $ 800.41 PNYC 00011943 4 SB30RS AID DI3CB3PAlQIr.S - COKTIKj HD: fB^IOHT ALLOWAH CSS: It has been the practice to allow credits for freight deducted by customers through the Cash Book. I hare suggeeted to lir. Stolte that such items be oorered by Credit Ma ora dune in the future. la this way all oradits may be properly approved. MOITHLT 3TATSISITS 10 CUBIPMERS: Mr. Stolte has explained that monthly statements are not rendered to customers who discount their bills, but that they are sent out on all of the slow aooounts. On April 50th. 1927 I asked him to hare statements covering all aooounts prepared for my use; these were not hnded to me until May 10th. These were stamped with the auditor's stamp* compared with the books and nailed out to the ouetomera on the same date. In order for a monthly statAent to bo of mudh ialue* it teems to mo they should raaoh the ouetomer pro^tly after the firet of each month. TAXIS: At baa bea notad in previous reports, taxes are not sot up on tbs books ss they aoorue. Tho following taxos for year 1926* were paid la May 1927 and will be oh&rged out against 1927 operations. first installment of Stato* County* Toa s hip and Sohool Seat Chioagc, Indians City Taxes f 541.65 523.61 865.46 BMPHSOIATICM: Reserve tor Depreciation is being set up on a basis of $ .0025 for pound of Whit# Load Produced. SHOT POfl KX25MSBS: During the period fob. 3rd to fob. l6th, 1927* moluslvo, tho white load plant was abut down. Charges to "Shut Doa SKpeneee" during this period amounted to % 3*850.66 The white lead plant was sgeln shut dam May 1st* 1927 - it is expected to start the plAt in operatia a a curtailed produotl an basis on or about July 1st, 1927. ACCOOITB B3C3H1BLB: Ians Anerloam Paint Corporation, Duluth* Minn. 2/14/27 ! 292 I 969.OO lew oonpany hAded by former employees of OllddA Co. Mr. Stolts fsels assured that this company is reliable, they did not, however, neke settlenAt a aooount after me month's extension of tins. Ho wrote to them an May 31at, 1927 asking for a remittance. Balsnoe Apr.30*1927 969.00 H. B. Davis Co.* Baltimore, Md. 3./w50z/'i2-7a --Inv 52-ag67- __ 9,576.00 44,.7788..0000 DPuaeid 5/16/27 Shipments amounting to #9,861.00 were Ade to this oonpany in May 1927* Considered good. PNYC 00011944 5 COST* SALS AID PROFIT STirniM*THR33 MOUTHS fflPIHG MARCH 3I3T. 1927; Whlta Load: Poonda Salat fraight Rto. Sat Coat of &*laa Qooda Sold Groat Profit Sailing and Oanaral Broenaat dot Profit Straight SaXaa firom Plant 2.229.6101202.276.83 # 5.803.22 I196.47i.6l *197.060.18 J Salat froB Agonor 3tooAt: 588.57 Load Produota Co. 54.600 5,162.96 120.95 5*042.01 4*619.48 222.55 inaoonfta Salat 0 009*07 729.800 69,699.25 5.664.91 66,054.52 64,700.64 1,555.68 . 3.0U.010I277.139.02 | 9.591.08 #267,547.94 #266,580.30 # 967.64 # 7.623.24 # 6,655.60 tssssssts >:S8SS>S stssstus SSSSSSSSSS SSS8SSSSSS XSSCSSSSS S8SS9SSSS Laaa - Dlaooanta Alloaad Pina - Shat Dova Rzpanaa* --L5a?4? *11.239.03 3.850.66 Prom *15. .'89.69 mi. mtw <. i<af, 12.085.104 Laaa - Dlaooanta Allorad Shat Loan Hxpanaaa Prom *1.176.085.87*1,079.924.91 *33.765.17 *62.395.79 Z3.592.49 *38.803.30 *7.003-59 *11,799.71 PNYC 00011945