Class of company---------------------
Account No. Account title---------------------
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.------------------------------------------------------------------------