The Bargain Store

“Expenses advertising 9,903 office expense 1,812 postage & delivery 20 travel 650 food/breaks/meetiings 392 interest expense 7,800 insurance 2,746 merchandise 75 store supplies & paper pr 7,292 licenses & inspection fee 313 merchant & bank fees 1,787 miscellenous expense 106 non-investment depreciation 6,688 total 39,584”

“Building & improvements 156,740 162,764 less accumulated depreciation 0 3,922 transportation equipment 5,570 5,570 less accumulated depreciation 0 1,114 equipment & fixtures 0 11,556 less accumulated depreciation 0 1,651 barn purchase/repayment - net 0 8,043 total 162,310 181,246”

“Accounts payable and accrued expenses 8,334 3,297 accrued payroll taxes 0 1,182 gift certificates 0 25 sales tax payable 0 864 bank overdraft 0 2,383 loans from officers 0 7,500 mortgage and other notes payable 215,000 235,000”

“The thift store receives donated household goods from the general public and resells the items. All the net profits are donated to charity, specifically olive branch ministries which is a local non-profit 501c3 organization that provides residential services, training of daily living skills, and social services to adults with intellectual challenges.”