Page 171 - Tom Finocchiaro - RPI Apple Onboarding
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APPLE SUPPLY CHAIN CO-OP, INC.
BALANCE SHEETS
December 31, 2017 and 2016
2017 2016
ASSETS
Current assets
Cash and cash equivalents $ 3,041 $ 297,530
Member notes receivable (Note 4) 2,425 1,654,956
Income tax receivable 7,292 8,568
Total current assets 12,758 1,961,054
Investment at equity (Note 2) 755,544 1,233,055
Total assets $ 768,302 $ 3,194,109
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities
Current maturities of long-term debt (Note 5) $ - $ 1,662,565
Total current liabilities - 1,662,565
Long-term debt (Note 5) - 275,000
Members’ equity (Note 1) 768,302 1,256,544
Total liabilities and members’ equity $ 768,302 $ 3,194,109
See accompanying notes to financial statements.
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