This transcription has been completed. Contact us with corrections.
Island Air Ferries, INC. Balance Sheet December 31,1948 Assets Current Assets: Cash in Banks $6,897.18 Working funds and special deposits: Working Funds $300.00 Special Deposits 150.00 450.00 Accounts receivable 10,909.92 Material and Supplies $2,683.07 Motor fuels 2,875.15 Lubricating Oils 3,448.20 9,006.42 Other current assets and accrued assets 1,329.78 Total Current Assets $28,599,30 Operating Property and Equipment: Flight Equipment $61,417.83 Less: Accrued Depreciation 25,770.78 $35,647.05 Other Property and Equipment $5,459.24 Less: Accrued Depreciation 1,962.65 3,496.59 39,143.64 Deferred Charges: Prepayments $2,727.64 Other Deferred charges 59.50 2,787.14 Capital Stock Expense 15,589.01