Form Mcs-3 - Motor Carrier Services Annual Report Form Page 6

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18. Total Operating Expenses: (Add lines 6 through 17)
10. Notes & Mortgages Payable: Include the face value of the
outstanding obligations present at the end of the accounting
19. Net Operating Revenue: (Subtract line 18 from line 5)
period.
Other Income And Expenses:
11. Accounts Payable: Include the total amount payable in the
affi liated companies, offi cers, stockholders, employees and
20. Miscellaneous Income: Include all other income earned
others.
from sources directly connected with motor carrier opera-
tions, such as interest on notes and open accounts, dividends
12. Salaries & Wages Payable: Include the amount of wages
received from stocks of other transportation companies,
payable or accrued payrolls.
commission’s received, etc.
13. Accrued Taxes & Other Expenses: Include all taxes and
21. Non-Operating Expenses: Include all expenses incurred
other expenses accrued at the end of the period.
which do not directly pertain to the furnishing of motor car-
rier transportation service, such as interest paid on money
14. Capital Stock: (To be completed by corporations only.) In-
borrowed for use in the business, federal and state income
clude the total par value of outstanding capital stock and the
taxes, and similar items.
cash value of no par stock.
Balance Sheet
15. Sole Proprietorship: (To be used by a solely owned busi-
ness.) Include the amount invested in a business by the
1. Cash: Include all cash available for general business purpos-
proprietor at the beginning of the year; the amount of any ad-
es. Include deposits in bank and savings accounts.
ditional investments into the business made by the proprietor
during the year; the amount of proprietor withdrawal during
2. Notes Receivable & Investments: Include all collectible
the year; and the net profi t or loss for the year.
obligations payable to you, the book cost of investments and
securities, and notes of other companies or persons.
16. Partnership: (To be used by partnerships and other forms
of organizations other than corporations and sole proprietor-
3. Accounts Receivable: Include amounts currently due from
ship.) Include the amount invested in the business by the
customers, offi cers, stockholders and employees.
partners, or members of other forms of organizations, at the
beginning of the year; the amount of any additional invest-
4. Prepayments: Include expenses paid or incurred in advance,
ments into the business made by the partner withdrawal dur-
the benefi ts of which will be realized in subsequent periods.
ing the year; and the net profi t or loss for the year.
Prepayment of minor items may be charged directly to the
appropriate expense account.
17. Surplus or Defi cit: (To be used by corporation only.) In-
clude the profi t or loss accumulated at the end of the period,
5. Materials & Supplies: Include the costs of all unapplied ma-
and all other surplus arising from donations by stockholders
terials and supplies such as tools, repair parts, fuel, tires and
of cash and other assets or surplus for forgiveness of debt of
tubes, etc., used in your operation.
the carrier by its stockholders.
6. Plant & Equipment: Th is account will consist of the gross
18. Total Liabilities (Add lines 10 through 17)
cost of all equipment used in your operation. Include the cost
of any improvements, repairs and overhauling of the plant
and equipment necessary to outfi t them for service.
7. Allowance for Depreciation: Th is account will contain ac-
cumulated depreciation charged to the depreciation expense
on income statement.
8. Organization Certifi cates & Permits: Th e amount to be
reported represents the cost of obtaining certifi cate, permit
and incorporation.
9. Total Assets (Add lines 1 through 8)

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