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10/15 Carlco 81,000
TMT 81,000
BWK, Inc. 18,000
IRA recorded the 1985 payments to Carlco ($184,050), TMT
($184,050), and BWK, Inc. ($40,900) as follows (balance
differences are due to rounding):
Item Carlco TMT BWK, Inc.
Note to
Beginning -- -- --
07/11 additional $16,200 $16,200 $3,600
04/18 Essex (5,878) (5,878) (1,306)
07/08 Essex (16,459) (16,459) (3,658)
10/03 Essex (12,931) (12,931) (2,874)
12/31 Rec to proper account (16,200) (16,200) (3,600)
12/31 To combine same acct (360) (360) (80)
Ending (35,629) (35,629) (7,917)
Notes payable
Beginning -- -- --
01/13 Pymt on amts owed re Essex 18,450 18,450 4,100
01/21 FM Essex--blngs to TMT etc (18,810) (18,810) (4,180)
12/31 To combine same account 360 360 80
Ending -- -- --
Investment in stock
Beginning 1,856,942 1,962,144 417,321
01/21 additional capital 40,500 40,500 9,000
04/16 additional capital 40,500 40,500 9,000
04/25 additional capital 5,850 5,850 1,300
10/14 additional capital 81,000 81,000 18,000
12/31 R/C to proper account 16,200 16,200 3,600
To record consent dividend 97,206
Ending 2,040,992 2,243,400 458,221
1986
The record does not contain detailed general ledgers for IRA
after 1985. The record indicates, however, that IRA recorded the
1986 payments from Schnitzer-PMS and Essex and distributions to
Carlco, TMT, and BWK, Inc. as follows:
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