Page 256 - Aida Hovsepian Onboarding
P. 256
PANCAKE SUPPLY CHAIN CO-OP, INC.
BALANCE SHEETS
December 31, 2017 and 2016
2017 2016
ASSETS
Current assets
Cash and cash equivalents $ 36,320 $ 32,400
Income tax receivable 4,487 7,012
Total current assets 40,807 39,412
Investment at equity (Note 2) 1,384,345 1,857,193
Total assets $ 1,425,152 $ 1,896,605
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities
Trade accounts payable $ 4,721 $ -
Total current liabilities 4,721 -
Members’ equity (Note 1) 1,420,431 1,896,605
Total liabilities and members’ equity $ 1,425,152 $ 1,896,605
See accompanying notes to financial statements.
2.
