300-Notes payable to SBA. 31-Notes and Other Obligations Payable to Other than SBA for Funds Borrowed 310-Notes payable to other than SBAguaranteed by SBA. 311-Notes payable to other than SBA—not uaranteed by SBA. 312-Mortgages payable for funds borrowed. 313-Mortgages payable on assets acquired in liquidation of portfolio securities. 32-Notes Payable-Other 320-Notes payable-other. 33-Current Maturities of Long-Term Debt 330-Current maturities of notes and debentures payable to or guaranteed by SBA. 405-409 unissued capital stock. 410-411 ital stock subscribed. able 413-414-Capital stock subscriptions receiv(type and class). 415-419-Treasury stock and class). 42-Paid-in Surplus 420-Paid-in surplus. (type 43-3 Percent Preferred Stock [301(d) Licensees only] 430-3 percent preferred stock, cumulative, non-voting issued to SBA. 44 Stockholders' Unrealized Gain (Loss) on Securities Held 440-Stockholders' unrealized appreciation on loans and investments. 445-Stockholders' unrealized depreciation on loans and investments. 448 Stockholders' estimated taxes on net unrealized gain (loss) on securities held. 450 Stockholders' non-cash gains on sale of securities. 451-Stockholders' undistributed net realized earnings. 46 Stockholders' and Partners Profit and Loss Clearing 460 Stockholders' profit and loss summary. 461-Stockholders' realized gain and loss summary in cash. 462 Stockholders' non-cash realized gain summary. 463 Stockholders' non-cash income from investments reported on the equity method of accounting. 465-Partners' profit and loss summary. 466 Partners' realized gain and loss summary in cash. 467-Partners' non-cash realized gain sum mary. 468- Partners' non-cash income from investments reported on the equity method of accounting. 47-Partners' Capital Contributions 470 General Partners' Permanent Capital Contribution Summary. 471-Corporate General Partners' Permanent Capital Contribution. 472-Individual General Partners' Permanent Capital Contribution. 475-Limited Partners' Permanent Capital Contribution Summary. 476-Limited Partners' Permanent Capital Contribution. 48-Partners' Unrealized Gain (Loss) on 481-Corporate General Patners' Unrealized Appreciation on loans and investments. 482-Individual General Partners' Unrealized Appreciation on loans and investments. 483 Corporate General Partners' Depreciation on loans and investments. 484-Individual General Partners' Depreciation on loans and investments. 485 Limited Partners' Unrealized Appreciation on loans and investments. 486-Limited Partners' Unrealized Depreciation on loans and investments. 49 Partners' Undistributed Realized Earnings 491-Corporate General Partners' non-cash INCOME ACCOUNTS 50-Commitment Income 500-Commitment Income. 51-52-Interest Income 510-Interest on invested idle funds. 512-Interest on loans. 516-Interest on debt securities. 520-Interest income-other. 53-Fee Income 532-Management service fees. 534-Investigation and service fees charged other lenders. 536-Application and appraisal fees. 54-Dividends and Other Earnings 540-Dividends on capital stock of SBCs. 541-Sharings in income or revenue of SBCS. 542-Non-cash income from investments reported on the "Equity Method of Accounting." 57-Gain on Securities and Other Assets 570 Gain on U.S. Government securities. 571-Gain on loans. 572 Gain on debt securities. 575 Gain on equity interests of unincorporated SBCs. 576 Gain on warrants, options, and other stock rights acquired from SBCs. 577-Gain on assets acquired in liquidation of portfolio securities. 578-Gain on operating concerns acquired. 579 Gain on other assets. 58-Miscellaneous Income 582-Income from assets acquired in liquidation of portfolio securities. 584 Other income. EXPENSE ACCOUNTS 60 Commitment Expense 600 Commitment expense. 61-62-Interest Expense 610-Interest on obligations payable to SBA. 622-Interest on obligations payable to other than SBA. 64 Stock Record and Other Financial Expenses 642-Stock record and other financial ex penses. 65-67-Operating Expenses 650-Advertising and promotional costs. 651-Appraisal and investigation costs. 652-Auditing and examination costs. 653 Communications. 654 Cost of space occupied. 664-Taxes, excluding income taxes. 665-Travel. 670-Employee benefits expense. 672-Amortization of organization expense. 679-Miscellaneous operating expenses. 68-Estimated Losses on Receivables 680-Estimated losses on receivables. 70-Loss on Securities and Other Assets 700-Losss on U.S. Government securities. 701-Loss on loans. 702-Loss on debt securities. 705-Loss on equity interests of unincorporated concerns. 706-Loss on warrants, options, and other stock rights acquired from SBCs. W-Loss on assets acquired in liquidation of portfolio securities. -Loss on operating concerns acquired. 709-Loss on other assets. (a) With amount placed in the fund when established. (b) With amount of increase in the fund. Credit: (a) With amount of decrease in the fund. NOTE: The petty cash fund may be reimbursed and expenditures recorded as often as circumstances require, but must be reimbursed at the close of the company's fiscal year. Checks to replenish the fund will be drawn on a general fund bank account and include "petty cash" as a payee. Debits totaling the amount of this replenishment should be made concurrently to the appropriate accounts. 130-United States Government obligations, direct and fully guaranteed This account will represent the cost of temporary investments made from general cash funds in direct obligations of the United States Government and obligations guaranteed as to principal and interest by the United States Government. When United States Government Savings Bonds redeemable at par value on maturity are purchased at less than face value, the increase in redemption value may be periodically charged to this account with concurrent credit to account No. 510-Interest on invested idle funds. Debit: (a) With cost of such securities acquired. (b) With increase in redemption value of United States Savings Bonds. Credit: (a) With redemption value of United States Savings Bonds redeemed. (b) With cost of such securities sold or disposed of otherwise. NOTE: Increase in value over cost of United States Treasury Bills, which are issued at a discount and are noninterest bearing, will not be reflected in this account but will be debited to account No. 143-Accrued interest receivable, with concurrent credit to account No. 510-Interest on invested idle funds. (See account Nos. 570 and 700.) 131-Insured savings accounts This account will include the balances in subaccount Nos. 131.1, 131.2, etc. 131.1-Insured savings in This account will represent funds invested in an insured savings account (up to the amount of the insurance) in an institution the accounts of which are insured by the Federal Savings and Loan Insurance Corporation. Debit: (a) With amount of funds invested. (b) With amount of interest earned on such invested funds. Credit: (a) With amount of funds withdrawn. 135-137-Time certificates of deposit in bank. These accounts will represent funds in Time Certificates of Deposit, maturing not later than one year after issuance, in banks which are members of the Federal Deposit Insurance Corporation. Debit: (a) With amount of funds deposited. Credit: (a) With amount of funds withdrawn. 138-Other investments in insured institutions This account will represent funds deposited or invested in insured institutions that can not be classified in any of the prior categories. Debit: (a) With the amount of funds deposited or invested. Credit: (a) With the amount of funds withdrawn. 140-Notes receivables This account will represent the unpaid bal-. ance of miscellaneous notes receivable, such as notes for management consulting serv ices. Notes representing amounts due from debtors on sale of assets acquired in liquidation of portfolio securities will be reflected in account No. 200. Debit: (a) With amount of such miscellaneous notes received. Credit: (a) With amount collected on principal of such miscellaneous notes. (b) With unpaid principal balance written off or disposed of otherwise. NOTE: Recording as income of amounts entered in this account should be discontinued with respect to any small business concern which is in bankruptcy, or on the verge thereof, or otherwise considered to be insolvent. The amounts in question should be credited as deferred income in account No. 383 other deferred credits, pending determination of the appropriate accounting. In less serious situations, when the debtor small business concern is in default more than 6 months to the licensee, or the fair value of its debt or equity instruments held by the company, as determined by the Board of Directors/General Partner(s), is less than cost, or recovery thereon is doubtful, an addition to the allowance for uncollectible notes and accounts receivable should be made in an amount equivalent to the receivable entered in this account, or, as an alternative, the receivable recorded as an asset should be concurrently credited as deferred income to account No. 383 as above indicated. (See account No. 142.) 141-Accounts receivable This account will represent the amount due on open account for management consulting, appraisal, and miscellaneous services rendered; and miscellaneous current receivables. The account also will include the amount of accrued compensation receivable for services rendered to "participating" companies and the amount of accrued commitment fees receivable for making funds available on a deferred basis to small business concerns and to "initiating" companies in connection with the latter's financing of small business concerns. Accounts receivable representing receivles due from debtors on sale of assets acired in liquidation of portfolio securities Ill be reflected in account No. 200. Debit: a) With amount due the company. Credit: a) With amount collected. (b) With amount written off or disposed of herwise. NOTE: Recording as income of amounts enred in this account should be discontinued ith respect to any small business concern hich is in bankruptcy, or on the verge ereof, or otherwise considered to be insolent. The amounts in question should be redited as deferred income in account No. 3-Other deferred credits, pending deterination on the appropriate accounting. In ess serious situations, when the debtor mall business concern is in default more han 6 months to the licensee, or the fair alue of its debt or equity instruments held y the company, as determined by the Board of Directors/General Partner(s), is less than Eost, or recovery thereon is doubtful, an adlition to the allowance for uncollectible Gotes and accounts receivable should be made in an amount equivalent to the receivable entered in this account, or, as an alternative, the receivable recorded as an asset should be concurrently credited as deferred income to account No. 383 as above indicated. than cost, or recovery thereon is doubtful, an addition to the allowance for uncollectible notes and accounts receivable reflected in this account should be made in an amount equivalent to the recorded receivable, or, as an alternative, the amount of the receivable recorded as an asset should be concurrently credited as deferred income in account No. 383 Other deferred credits, pending determination of the appropriate accounting. (See account Nos. 140, 141 and 680.) 143-Accrued interest receivable This account will represent the amount of interest accrued on portfolio loans to and debt securities of small business concerns, United States Government obligations, direct and fully guaranteed, notes receivable, sales contracts, and other interest-bearing amounts due from debtors, including funds placed in escrow pending the closing of flnancing and assets acquired in liquidation of portfolio securities as well as interest accrued on other securities. Debit: (a) With amount of interest accrued on all items covered by this account. Credit: (a) With amount of interest payments received. (b) With amount of accrued interest transferred to assets acquired in liquidation of loans and debt securities. (c) Upon disposition of interest-bearing obligations, with amount of accrued interest thereon included in this account. (d) With amount of accrued interest written off or disposed of otherwise. NOTE 1.-At the option of the company, interest payments received in cash from debtors prior to the interest maturity date may be credited to account No. 374-Unapplied receipts, until the maturity date. NOTE 2.-Accrual of interest receivable should be discontinued with respect to any loan or debt security financing a small business concern which is in bankruptcy, or on the verge thereof, or otherwise considered to be insolvent. Any interest payments received from such a debtor should not be treated as interest income, but should be either credited as payments on principal of the debt or credited as deferred income in account No. 383 Other deferred credits, pending determination of the appropriate accounting. In less serious situations, when interest receivable is accrued under circumstances in which the financed small business concern is in default to the licensee; or the fair value of the loan or debt security as determined in good faith by the Board of Directors/General Partners is less than cost, or recovery thereon is doubtful, an addition to the allowance for uncollectible interest receivable should be made in an amount equivalent to the accrual |