| Class of
company |
Account
title |
| Account No. |
| A |
B |
|
|
Current Assets |
| 1350.1 |
1350.1 |
Subscriptions to Capital
Stock. |
| 1350.2 |
1350.2 |
Subscriptions to
Memberships. |
| 1350.3 |
1350.3 |
Subscriptions to Members'
Equity Certificates. |
| 1350.4 |
1350.4 |
Other Current Assets. |
|
|
Current Liabilities |
| 4130.1 |
4130.1 |
Patronage Capital
Payable. |
| 4130.2 |
4130.2 |
Other Current Liabilities -
Miscellaneous. |
|
|
Long-Term Debt |
| 4270.1 |
4270.1 |
Members' Redeemable Equity
Certificates Subscribed but Unissued. |
| 4270.2 |
4270.2 |
Members' Redeemable Equity
Certificates Issued. |
| 4270.3 |
4270.3 |
Other Long-Term Debt. |
| 1350.1 |
1350.1 |
Subscriptions to Capital
Stock |
|
|
This account shall include the
balance due from subscribers upon legally enforceable subscriptions
to capital stock. |
|
|
The purchase price of
subscriptions shall be charged to this account at the time the
subscription is received. The par value of the stock subscribed
shall be credited to Account 4540.11, Capital Stock Subscribed, and
the difference between the purchase price and the par value shall
be credited to Account 4520, Additional Paid-In Capital. |
| 1350.2 |
1350.2 |
Subscriptions to
Memberships |
|
|
This account shall include the
balance due on memberships subscribed. The face amount of
memberships subscribed shall be charged to this account at the time
the subscription is received. The offsetting credit shall be to
Account 4540.12, Memberships Subscribed but Unissued. |
|
|
A subscription ledger shall be
maintained to record for each subscriber, the amount subscribed,
payments made, and the balance due. The balance in this account
shall be reconciled monthly with the subscription ledger. |
| 1350.3 |
1350.3 |
Subscriptions to Members'
Equity Certificates |
|
|
This account shall include the
balance due on member's equity certificates subscribed. The face
amount of certificates subscribed shall be charged to this account
at the time the subscription is received. The offsetting credit
shall be to Account 4540.13, Members' Equity Certificates
Subscribed but Unissued, or to Account 4270.1, Members' Redeemable
Equity Certificates Subscribed but Unissued. |
|
|
A subscription ledger shall be
maintained to record for each subscriber, the amount subscribed,
payments made, and the balance due. The balance in this account
shall be reconciled monthly with the subscription ledger. The
subscription ledger shall be maintained in such a manner as to
separately identify redeemable and nonredeemable certificates. |
| 1350.4 |
1350.4 |
Other Current Assets |
|
|
This account shall include the
amount of all current assets which are not includable in Accounts
1120 through 1350.3. |
| 4130.1 |
4130.1 |
Patronage Capital Payable |
|
|
This account shall include the
amount of patronage capital which has been authorized to be
returned to patrons. |
| 4130.2 |
4130.2 |
Other Current Liabilities -
Miscellaneous |
|
|
This account shall include
liabilities of current character which are not includable in
Accounts 4010 through 4130.1. |
| 4270.1 |
70.1 |
Members' Redeemable Equity
Certificates Subscribed but Unissued |
|
|
This account shall include the
face amount of members' equity certificates which are redeemable at
some specified future date for which subscriptions have been
received but for which certificates have not been issued. This
account shall be credited at the time the subscription is received
and Account 1350.3, Subscriptions to Members' Equity Certificates,
debited. |
|
|
This account shall be debited
and Account 4270.2, Members' Redeemable Equity Certificates Issued,
credited when a subscriber has paid the subscription in full and
the equity certificates are issued. |
| 4270.2 |
4270.2 |
Members' Redeemable Equity
Certificates Issued |
|
|
This account shall include the
face amount of outstanding members' equity certificates which are
redeemable at some specified future date. A subsidiary members'
redeemable equity certificate record shall be maintained to reflect
the detail of the balance in this account. |
| 4270.3 |
4270.3 |
Other Long-Term Debt |
|
|
This account shall include
long-term debt not provided for elsewhere. |