UNDERSTANDING, INC.

 

BALANCE SHEET                     October 1, 1971–September 30, 1972

 

ASSETS:

 

Cash on Hand                       294.48

 

Petty Cash Advances           15.00

 

TOTAL ASSETS                                                                   $309.48

 

LIABILITIES:

 

Donations 1473.17 Less­

 

Net Loss         -1725.97                    -252.80

 

Surplus 1971                                    562.28

 

TOTAL LIABILITIES                                                              $309.48

 


INTERNATIONAL CULTURALCENTEROFUNDERSTANDING

 

BALANCE SHEET                     October 1, 1971–September 30, 1972

 

ASSETS:

 

Cash on Hand                                                           $127.09

 

Fixed Assets:

 

1971                           1676.80

 

Loss Depred. 10%   186.31            1490.49

 

1972 Additions          613.00

 

Loss Deprec. 10%    61.30              551.70            2042.19

 

TOTAL ASSETS                                                       $2169.28

 

LIABILITIES:

 

Donations                              628.00

Less: Depreciation

 

186.31

 

61.30                          247.61                        380.39

 

Surplus 1971                                                            1788.89

 

TOTAL LIABILITIES                                                  $2169.28

 

SUMMARY

 

Understanding; Inc.                                                      309.48

International Cultural Centerof Understanding         2169.28

 

Total New Worth                                                           $2478.76