The Bargain Store

“Expenses advertising 3,177 office expense 3,748 postage & delivery 112 travel 73 food/breaks/meetiings 1,278 interest expense 7,800 insurance 2,883 merchandise 709 store supplies & paper pr 13,193 licenses & inspection fee 290 merchant & bank fees 3,721 non-investment depreciation 8,785 total 45,769”

“Building & improvements 162,764 162,764 less accumulated depreciation 3,922 8,096 transportation equipment 5,570 5,570 less accumulated depreciation 1,114 2,896 equipment & fixtures 11,556 11,556 less accumulated depreciation 1,651 4,481 barn purchase/repayment - net 8,043 28,619 total 181,246 193,036”

“Accounts payable and accrued expenses 3,296 3,294 accrued payroll taxes 1,182 1,450 gift certificates 25 49 sales tax payable 864 927 bank overdraft 2,383 0 loans from officers 7,500 9,500 mortgage and other notes payable 235,000 235,000”

“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.”