practice case i need help with.

just need the 3 steps.

Bookkeeping for a small business organization Case: Bob fix-it-all - August 2021 By Zihao (Emily) Xu Bob I just retired in his early 50's and has plenty of time in his hands, Bob used to be maintenance supervisor in the manufacturing motor Bob had a great reputation as the employee that can fix any machine, pipe or panel. Unfortunately, the manufacturing sector in Ontario has been dedining and I was eventually offered a generous package to accept an early retirement Ow day, his next-door neighbor asked him if he could fix a leaking pipe and he did it But while at the house of the next door neighbor, he noticed minor repairs needed everywhere. It took Bob several short visits to fix all that needed to be fixed, but since they are minor things the neighbour did not considered it was worthy to call a repairman. In his daily visits to make the small ropains de mer several friends and ratives of the neighbour who shared with him that their houses were in need of non-argent email repairs, but they never seem to have the time or energy to do them. One day Bob decided to do a set of small fixes in other neighbor's houses and by the end of the month he was enjoying a different fixing challenge almost every day, The next-door neighbour invited him for dinner, another gave him a present (a bottle of good Niagara icewine) and another offered him to pay. At that point, the end of March, Bob realized that he would convert his recently discovered passion into a side business, which would generate some extra money while channding all his energy and fosforing his social life as a young retire Bob Thoron contacted a lawyer for advice about incorporating. The local firm The Law provided the necessary legal advice and did all the necessary paper work to incorporate as a Canada Business Corporation. Initial capitalization allowed for 100 no par value shares. Bob and his life partner were named Directors of the Corporation which was called "Bob Fix-it-All Lid." The lawyers also checked that the name was not already registered and register his Internet domain website URL as www.boblixital.ca for a small foo a One of Bob's cousin works at AMD Bank Canada, Bob tumed to him for advice on taking a bank loan to start his business. Instead, Bob's cousin recommended a line of credit after carefully examining Bob's financial situation. After filling a series of paperwork, Bob was successfully pro- approved for a line of credit of $25,000 with interest rate of 1% per month Bob's cousin explained do Bob that with LOC of $25,000. Bod is able to borrow any amount up to $25,000 at any time whenever be needs the money, the interest will be charged upon the age of the loan and will be paid through the bank account automatically at the beginning of the following month after the The company launched on April 1, 2021. Bob had accumulated savings and his life partner, who is still working full time, offered to match his contribution to the form in the form of a loan with an interest rate of 0.3% per month payable on the New Year day of the following year. Bob contributod his savings in exchange for 50 of the shares (first 50 shares were issued) and Bob's partener matched with the same amount of cash. Bob deposited his contribution and his partner's matching into a now corporate bank account Bob had set up with AMD Bank Canada. The bank account, a standard commercial chequing account that gave cheques returned with monthly statements for a monthly fre, can have overdrafts at a fixed cont per day the account is in red. Bob interest was to help good people by fixing and repairing things in their houses, not keeping tabe on his accounts, thereforc, ho hired you to be his accountant. You have explained your fee and Bob has agreed to retain you. You have prepared a document with the terms of engagement and payment on it. You, the accountant, informed Bob that if his company would une part of his house to conduct business (storage of equipment and material and communications with clients); the company can pay rent to Bob for its use. The rent shall be reasonable for the Canada Revenue Agency In his first day of providing services under the company's name realized his company needed some sort of third-party liability insurance just in case a repair went rouge and caused damage. He contacted an old acquaintance of him that works for an insurance company and asked for advice. His friend suggested a product that was just for his needs, it was not expensive, so Bob signed off on a promotional 4-month contract and with an option to renew for another 2 ycars. His friend also pointed out that Bob could only do repairs that are not regulated under a specific trade in the province. In cssence, he can do small jobs that cannot produce structural damage to properties. This advice was in line with the scope delineated by the lawyers for Bob's company. Fixing things in homes do not need any large equipment, but an industrial quality drill with accessories and a welding gun would simplify his work and decided to buy them. He estimates all the equipment will last 3 years and will have no residual value at all As soon as operations startod, Bob purchased some office supplies that would allow him to keep a paper trail of each service provided. A small inventory of supplies typically used to do small repairs was needed and he bought some during the operations In a couple of occasions Bob faced a tricky clectrical issue, so to be on the safe side he would call his good friend Tracy who is a certified clectrician to ask for advice. Bob pays Tracey a flat fee per call of the call who video call or extended 15 minutes it is double the foc wers are extremely pleased with this ach and thank Bob for being protein mine experts Mor Babescos y perform the small reais eed and have like to konto of how to come poperty maintain the mechi in the home. Bob w a great wanity here and decided to buy in bulk the most common om meeded in a hemeroch with application dewe wintain windows down hinges and simple mechanisms. The terms of we were son ch on delivery and the other so in d. Any unpaid balance would be cumulated in contable. He did a very good job at sourcing the products, allowing him to have a large from margin and still be competitive matching the prices of local store Seeing how well his activity was point and how happy he was with his wow enterprise, Bob decided to make his presence move noticeable by printing flyers to be left in stores and colorful poatens to be placed in the amouncement section of the cando buildings where many of his customer reside nder the company name, Dob signed a prepaid phone plan to take advantage of the promotional rate. His me was intensive because some of the customers would call him to ask for atvice on how to attempt the fix by themelves. All payments made by the company Bob fis-it-all were done through cheque to make we all business-related expenses were accounted for At the end of the mouth you the accountant would calculate the amount for income tax and send an email to Bob with the amount. All income tax accrued in the current month need to be paid before the due date on 15 of the following month 13ob knew all his customers and was comfortable in collecting his service fees in cash, cheque or bank transfer at the end of the service or within a month. Every two weeks he would prepare a summary note of services rendered, merchandising delivered and cash collected from the customers. Some customers were so pleased with his job that paid him in advance. One gentleman considered the bank charged too much for transactions, so he made a lump sum payment to Bobom account for future services. Bob received it and at the end of each service he would show the customer how much is the balance lett given the services consumed so far. The customer was happy w After the first 4 months of successful operations, Bob gained sizable new customers, however, most of the new customers live far away, in order to conduct business effectively, Bob decided to buy a used van on August 1, 2021 and used it solely for business purpose. Bob paid the van with $2,000 cash (from company bank account) and the rest was borrowed and paid from the line of credit. Bob estimates that the used van would last for 50 months and will have no residual value at the end Bob decided to declare dividends for an amount reasonable that would not drain the remaining cash from the company, Bob declared S20 per share dividend cach month for the past four months (April, May, June and July) and intend to declared s3x (where X is the last digit of your student ID, for example, if last digit of your student ID is 7, then 537) per share dividends for August 2021. Dividende declared in the current month are paid with a withdraw from the bank account in the following month Additional information 1. There are no additional capital invested into the company from April 2021 to the end of August, 2021 (no additional shares being exchanged nor additional matching). 2. On mid-August 2021, after reading the news, Bob realized that the manufacturer of the faucet he has been using in his clients' bathrooms han recalled a large batch of products that were deemed to be defective. A defective or Icaking faucet will not only waste water causing water bill to increac, it can also result in serious damagos (possible floor and ceiling damagcs) which can result in expensive repains especially in condon. Bob made 17-bathroom repairs using that faucet, if the product he actually used was part of the hatch recalled he is seriously thinking of removing the faucet applied in those 17 bathrooms and replace it with a new product; however, he does not remember exactly which bathrooms he applied the face. He is unsure on what to do and consulted The 6 Law who indicated he will be liable for damaged cause by the use of failed material. I lowever, the liability will be conditional to the actual damage emerging in the client's bathrooms. In terms of setting up the accounting system you the accountant) together with Bob (your clicnl) decided on the following records in April 2021: Chart of Accounts General Journal Sales Journal Disbursements Journal Note to students: Some invoices, payments and taxes will require you to use a part of your student number. For example: the owner contributes to the company 300 times the last digit of your student number in a piece of equipment or has sales of S1 X00. If your student number is 123894567, the owner's contribution is $2,100 (5300 times 7 - $2.100) and the sales is 51,700 where the last digit of your student number replaces the X in S1 X00 students with O as the last digit must use 3 as the last digit for all transactions Required: Prepare the accounting records for Bob fix it all Note: this task is based on the analysis of very extensive narrative and detailed project documents. The next pages have all the documents that Bob processed and are kept in a shoebox (use 2 decimal places, if needed round up the figures to the next cent). Students with the last digit being 0 (zero), must use 3 as if it were the last digit for all transactions in this part of the term project. STEP 1: Prepare the Financial Statements by doing the following: 1. Check and use the Chart of Accounts provided (do not create new accounts), 2. Prepare the bank and cash reconciliation for August 31" 2021. 3. Prepare the General Journal for the month of August (all journal entries including AJE). Prepare Cosing Entries for the month of August to continue with business in the month of September as the next period. 4. Post all transactions to the T-accounts and prepare a trial balance. Show a detailed balance of cach of these accounts for the month of August operations (end of Month) 5. Prepare the Financial Statements in good form for the month of August including contingency disclosures that are exclusive of the transactions of this case (do not include general notes). Prepare an income Statement, a Statement of Owners Equity (Retained Earnings), and a Statement of Financial Position (Balance Sheet). Cash flow statement is not required. 6. Each General Journal entry should satisfy all formalities (date, explanation, accounts, etc.). . STEP 2: Analyze the financial statements and answer the following questions: How much is the maximum that can be paid in dividends? Make one clear suggestions of how the business can improve its bottom line? With the data of the financial statements that you have completed, is the business sustainable? STEP 3: Submit all the items in one word or readable PDF document (no pdf pictures or scans, instead generate the pdf file as a print out of the software you are using: Word, Excel, etc.). Before submitting check that the files have been printed as desired and that the PDF file generated can be read. Charl of Accounts Assets Expenses Accounts Receivables Accountant Fee Expense Accumulated Depreciation Tools Bank Service Expense Accumulated Depreciation - Van Bank Overdraft Fees Cash Cost of Goods Sold Equipment - Tools Depreciation Expense Tools Van Depreciation Expense - Van Inventory Electrician Fee Expense Organizational Costs Income Tax Expense Prepaid Insurance Insurance Expense Prepaid Office Supplies Office Supplies Expense Prepaid Promotion and Publicity Phone Expense Prepaid Phone Service Promotion and Publicity Expense Prepaid Rent Rent Expense Supplies Supplies Expense Liabilities Interest Expenses Accountant Fee Payable Revenue Accounts Payable Revenue Advances from Customers Shareholders' Equity Dividends Payable Share Capital Loan Payable Retained Earnings Income Tax Payable Dividends Interest Payable Electrician Fee Payable Other (Temp): Line of Credit Loan Income Summary Financial Statements: Bob fix-it-all Service Ltd. Bob fix-it-all Service Ltd. Income Statement For the month July 2021 Revenue Services 3,300.00 Expenses Cost of goods sold 325.00 Accountant Fee Expense 150.00 Bank Service Expense 52.00 Electrician Fee Expense 80.00 Interest Expense 25.00 Insurance Expense 25.00 Phone Expense 45.00 Promotion and Publicity Expense 67.00 Depreciation expense - Tools 180.00 Office supplies expense 70.00 Rent Expense 100.00 Supplies Expense 133.00 Income before income taxes 2,048.00 Income Tax Expense 5.00 Net Income 1,823.00 Bob fix-it-all Service Ltd. Statement of Retained Earnings July 31" 2021 Retained Earnings July 10 2021 plus Net Income less Dividends Retained Earnings July 31 2021 165532 1823.00 (1000.00 2.478.32 Bob fix-it-all Service Ltd. Statement of Financial Position July 31st 2021 ASSETS Current Assets Cash Accounts Receivables Inventory Prepaid Office Supplies Prepaid Insurance Prepaid Promotion and Publicity Prepaid Rent Prepaid Phone Service Supplies Capital Assets Organizational Costs Equipment - Tools less: Accumulated Depreciation - Tools 448032 1.280.00 0.00 45.00 0.00 0.00 0.00 365.00 55.00 4,000.00 6.480.00 1720.00) 15,985.32 Current Liabilities Dividends Payable Accounts Payable Advances from Customers Interest Payable Electrician Fee Payable Accountant Fee Payable Income Tax Payable Long-term Liabilities Loan Payable Shareholder's Equity Share Capital Retained Earnings 1.000.00 352.00 680.00 100.00 550.00 600.00 225.00 5,000.00 5,000.00 2.47832 15.985.32 Bob fix-it-all Service Ltd. Statement of Retained Earnings July 31 2021 Retained Earnings, July 1* 2021 plus: Net Income less: Dividends Retained Earnings, July 31" 2021 1655.32 1823.00 (1000.00) 2.478.32 Bob fix-it-all Service Ltd. Statement of Financial Position July 31st 2021 ASSETS Current Assets Cash Accounts Receivables Inventory Prepaid Office Supplies Prepaid Insurance Prepaid Promotion and Publicity Prepaid Rent Prepaid Phone Service Supplies Capital Assets Organizational Costs Equipment - Tools less: Accumulated Depreciation - Tools 4480.32 1,280.00 0.00 45.00 0.00 0.00 0.00 365.00 55.00 4,000.00 6,480.00 (720.00 15,985.32 Current Liabilities Dividends Payable Accounts Payable Advances from Customers Interest Payable Electrician Fee Payable Accountant Fee Payable Income Tax Payable Long-term Liabilities Loan Payable Shareholder's Equity Share Capital Retained Earnings 1,000.00 352.00 680.00 100.00 550.00 600.00 225.00 5,000.00 5,000.00 2.478.32 15,985.32 The 6 LAW- Barristers & Solicitors INVOICE To: Bab liit From: Perry Mason Term Dume 1.2001 Date: Apr 1, 2001 Re: Professional Services . For services rendered in connection with the incorporation of Bob fix-it-all Service Ltd. including but not limited to: Filing application for articles of incorporation as a Canada Business Corporation Securing trademark protection on the name Bob fix-it-all Filing necessary documents with the Canadian Registrar of Companies Filing appropriate documents as required under the Ontario Directors' Act to name corporate directors Registering the Internet domain name (www.bobixitall.ca) Various legal advice on these and other matters . The 6 LAW- Barristers & Solicitors Certified Document To: Bob Tro Perry Meso Date: Apr 1, 2001 Rencontro . . . Hereby I certify the following items were agreed and happened with me as a witness: Bob fix-it-all Service lad. has issued 100 shares. Mr. Bob Thoron contributed an amount in cash in exchange for 50 shares of the company. The contribution was made in cash and deposited in the bank account of the company. Mr. Charles Hop provided a revolving term loan to the company for the same amount as Mr. Bob Thoron contributed. The revolving loan will be renovated at the end of each year. Interest of 6% per annum applies and will be paid in cash on January 2nd of the following year. Interest is to be calculated proportional to the months in which money was outstanding. . ES 688 68 Bank AMD Canada Statement of Account 2504 Dumple Crescent Account 3001-001-33470 Toronto ON MJ1PT Chequing Account Statement Date Branch 3061 August 31, 2021 Bob fix-itall 9700 Koele St-Unit 14 Maple ON Date Description Debits Credits Balance August 1 Opening Balance 420 32 August 1 CHEQUENO (1) August 1 CHEQUE 20 August 1 Transfer from Line of Credit ta August 1 CHEQUE 109 August CHEQUE 1 (5) August 1 CHEQUE 2 August 1 Withdrawal 1,000.00 August 1 CHEQUE 35 August 3 CHEQUE 34 270.00 August 12 CHEQUE NO 105.00 August 14 CHEQUE 20 225 00 August 17 FEE BANK OVERDRAFT August 2 to 16 (10) August 31 DEPOSITS 07 August 31 CHEQUE 37 650.00 August 31 DEPOSITS (7) August 31 MONTHLY SERVICE CHARGE (11) TOTALS Notes: (1) The amount must be equal to 600 times the last digit of your student number (rent) (2) The amount must be equal to 720 times the last digit of your student number (insurance) (3) The amount must be equal to 50% of 530 times the last digit of your student number (inventory) (4) The amount must be equal to 100 times the last digit of your student number (promotion) (5) The amount must be equal to 70 times the last digit of your student number (publicity) (6) The amount must be equal to $(2,000+X,000) where X is the last digit of your student number (van) (62) SX,000 were borrowed from Line of Credit, X is the last digit of your student number (7) The deposit equal to 3700 times the last digit of your student number is revenue cellected in cash for services provided in August plus 600 times the last digit of your student mumber of the revenue collected in cash for the sale of inventory in August plus 500 times the last digit of your student number for prepaid revenues (money collected but services not provided yct) that is received in August (7a) The amount equal to 70% of accounts receivables that were outstanding on July 31", 2021 (10) The amount must be equal to 76 times the last digit of your student number (bank overdraft fee) (11) The amount must be equal to 15 times the last digit of your student number (bank fee) Bob Thoron representing Bob fix-it-all Ltd. Agrees to pay Bob Thoron (the individual owner of the property where commercial activities are developed by Bob fix-it-all) the sum of (1) for the months of August, September, October, and November. This document acts as a receipt to both parties that the service has been agreed and paid in advance Bob Theron Poid with Cheque #50 (1) The amount must be equal to 600 times the last digit of your student number (ren) CANADIAN TIRE Gaid with Cheque #1 105 Lakeshore drive Toronto, ON M3S 727 phone. 416-878-9632 fax: 416-878-9633 Invoice # Invoice Date Terms CT 8978 April 1, 2021 Due upon delivery of equipment Quantity Amount 1 Description 200 Cordless Drill and Impact Driver Combo lot, 13 Ah Cut Welder kit including brass torch handle, cutting attachments and acetylene cylinder 4,000 1 2,480 Previous Balance $0 Payments and Adjustments $0 Overdue Balance New Charges $0 $6480 Total Amount Due $6,480 terms: Payable in cash or cheque upon delivery No return accepted without prior written author at on All clams must be made within 5 days following receipt of Goods INVOICE/FACTURE STAPLES Price Total Quantity Office Supplies Paper and Pads Pencerrecten, merken Hunden Label and plastic tags Staple, Puncher Pola with Cheque #86 Scio + Total $165.00 easy Store 2015 HW7 & Weston 1-877-360-8500 LO August 12, 2021 183805 Vahe of replice sredible at Apart 37: 185,00 Hunting Gear Bulky Depot Where cheap and good hunting gear is available To: Bob fcital 1010 Invoice Invoice Dale Aug 1, 2001 Amount Ory 20 30 8831 Desorion Gruder Caner Degreaser Lubricating Oun Ol WD 40 Special Diland Du Resistant Dry Luce PTFE Spray Balance Due Lao Payment conditioner 80% on delivery, the rest werin 60 days of time of delivery Pease make cheque payable to Hunting Gear Bulay Depot 4009 Kesle St-Unt 11 pronto ON MJ1P3 Sncenlosy paid (50%) esith Cheque #88 Vole of an org pudelle forme Agar at Os the wound matbol to 530 La Giraf your haben unter (very) Ba) The collegal to meet studend ber(inntatory) INSTAPRINT Bobfall TOR230 August 2011 be De Description Amount Am Balance Due 14 Payment condition 10 when ordering the rest of time of delivery Pacheque payable Poid with Cheque # InstaPrint 48 Burgess Ave. Scarborough ON MTZ 1W9 Devery they be ready to pop on August 2021 + Master of Byers leerdere bring Apart Store The 100 do you) INSTAPRINT : Bob fix-it-all TOROZ31 August 1, 2021 Invoice Invoice Date Quantity Description Amount 10 Colorful posters Balance Due 15 Payment conditions: 10% when ordering the rest at time of delivery Pleme make cheque payable to InstaPrint 48 Burgess Ave. Scarborough, ON MTZ 1W9 Delivery the posters will be ready to pick up on August 1 2021 Poid with Cheque #81 3 were distupated i Aapart (5) The amount must be equal to 70 times the last dpt of your damer (publicity) CANADIAN TIRE Poid mith Cheque #84 105 lakeshore drive Toronto, ON M3S 727 phone: 416-878-9632 fox 416-878-9533 Invoices Invoice Date Terms CT 6978 August 3, 2021 Due upon delivery of equipment Quantity Description Anti-Siphon Toilet Tank Balicock 10-in 1 Toilet Tank Lever 8-in 1 Push Nut Assortment 10 pk 1 Hande, 1-pl Durabond so Repair Compound Amount $ 99 $ 38 $ 21 $ 16 $102 Preve Balance $0 Payment and Adjustact 30 Overdue Balance 50 New Charge 5276 Total Ancunt Due 5276 tere: Payable in cash or cheque upon delivery No return accepted wthout prior written authorization All clans out benade within 5 days following receipt of Goods INVOICEFACTURE All frekaday the leftover for rent metho) adrese Ayet wept for 1 Dinsved beft at the set of Azurt (Supplies) CAR SALE INVOICE -Auto Dealer Name: Auto Dealer Street Address: 1003 Koele Sl City, State: Toronto, ON ZIP Code M3M 2N2 Phone: 416-567-2365 Invoice : 565-3656 Date: August 1, 2021 Client Customer BOB FIX-TALL Street Address: 9709 Keele St Unit 14 Cry, State: Toronto, ON Description Used Van Quantity 1 $7 Unit Amount (5) Paid with Cheque # 88 SUBTOTAL Payment is due immediately TOTAL (5) Thank you for your business ( The amount out he aqual to $2.000-X.000) where is the last digitor your student number (V) (64) SX.000 were bepued from time of it (with in od rate of Ispartnert) X is the last digit of your databas Tracy Sparks Yar cottage electrician specialist Note: during August there were 3 short phone calls and one long and complex video call. Previous Payments and Balance Adjustments $550 $0 Balance $550 New Charges $100 Total Amount Due $650 Paid with Cheque #87 Bob fix-it-all Invoice/Payment Summary August 31, 2021 Oute Catoner Anunt Depeelt Anant Balance Date Pod Due ANA LATUS Marie Apurah 4 August Auslarvey August Maram LAURI KW Andy 10 August Summary of the month Augen 11 LAVAL KAUM 13 AUTO 14 Ah 15 I Love To AM 27 Aula 10 IA AM AH A IN AL IA Summary second to the Sutta ALQIM Totals (7) (1) The ameamua qual to 5603mes the land of kent mer and the amount brakonas 300 me the last dig of your caller is res collected in cash for vice provided is Om the last day of your studentams revealed to have a ila time the last this collected in case for the sale of my Som the last to your students for rency collected but w ponied ytrings (a) Astodes that standing on May 31, 2021 (7) Bobbi were standing on July 13021 Bob Thoron has agreed to retain YOU as the accountant for his firm. Given the services agreed to be provided, the fee of $1,800 for the whole first year of operations has been agreed upon . This document acts as a receipt to both parties that the professional accounting services has been retained for 12 months (from April 15,2021 to March 31st, 2022) and will be paid in full by the end of the 6th month Bob Thoron You + To: bob@bobfital.ca From: your@theaccountant.ca Subject estimated income tax for August 2021 Date: August 31 11:59pm Bob, The purpose of this e-mail is to inform you that I have calculated your income tax lability for the operations of the month of August to be (8). Please prepare the cheque and due date of payment is September 15, 2021. Please note that July's Income tax payment cheque (CHOU 28) was maled and received by CRA on August 11, 2021. The Accountant () Theeyal 28 last to your hestane income tax) BelTel your communication partner Account Summary for Bob Fix-it-All August 31, 2021 Pre-paid Account S500 deposit received on April 1, 2021 Current charges (for August usage) - per details below (9) Total Amount deducted from Pre-paid account Current Charges (for August usage) Total Charges (9) + The amount must be equal to 20 times the last digit of your student number (total of August Sample General Journal (assuming the last digit of your student number is 1) Dr G 3,300.00 Dale rder Account Type of Account 31 July 144 Revenue Services Revenue Cost of goods sold Expense Accountant Fee Expense Expense Bank Service expense Expenso Electrician Expense Expense Interest Expense Expense Insurance Expense Expense Phone Expense Expense Promotion and Publicity Expense Expense Depreciation expense - Tools Expense Office supplies expense Expense Rent Expense Expense Supplies Expense Expense Income Tax Expense Expense Income Summary Temp Explanation: closing of temporary accounts to determine Net Income for the month of July 2021 31 July 45 Dividends OB Dividends Payable Liability Explanation: declare dividends of S20 per share Month of August 2021 Dale order Account Type of Account Prepaid Rent Asset 1 Cash Auch Explanation rent for the months of August, September October and November is paid on August 1" with cheque 330, AJE needed 1 Aug Prepaid Insurance Asc 2 Cach Aset Explanation insurance for 2 years was paid on August 19 with Cheque :29. AJE needed 325 150 52 80 23 25 45 67 180 70 100 133 225 1823.00 1000 1000 De CE Aer 1 600.00 600.00 2 720.00 720.00 Disbursements Journal Disbursement mode Amount CHEQUE 30 CHEQUE 29 CHEQUE 35 CHEQUE 32 CHEQUE 31 CHEQUE 33 Withdrawal $1,000 CHEQUE 34 CHEQUE 36 $165 CHEQUE 28 $225 Bank debit (10) CHEQUE 37 $650 Bank debit (11) eg Reason Rent (4 months) Insurance (2 years) Inventory Promotion Publicity Van July's Dividends Supplies (durabond) Office supplies July's Income tax Bank Overdraft Fee Electrician services Bank fee (1) The amount must be equal 19 600 times the last digit of your student number (rent) (2) The amount must be equal to 720 times the last digit of your student number insurance) (3) The amount must be equal to 50% of 530 times the last digit of your student number (inventory) (4) The amount must be equal to 100 times the last digit of your student number (promotion) (5) The amount must be cqual to 70 times the last digit of your student number (publicity) (6) The amount must be equal to $42.000+X,000) where X is the Inst digit of your student number (van) (10) The amount must be equal to 76 times the last digit of your student sumber (bank overdraft fee) (11) The amount must be equal to 15 times the last digit of your student number bank fee) Bookkeeping for a small business organization Case: Bob fix-it-all - August 2021 By Zihao (Emily) Xu a Bob has just retired in his carly 50's and has plenty of time in his hands. Bob used to be a maintenance supervisor in the manufacturing sector. Bob had a great reputation as the employee that can fix any machine, pipe or panel. Unfortunately, the manufacturing sector in Ontario has been declining and he was eventually offered a generous package to accept an carly retirement. One day, his next-door neighbor asked him if he could fix a leaking pipe and he did it. But while at the house of the next-door neighbor, he noticed minor repairs needed everywhere. It took Bob several short visits to fix all that needed to be fixed, but since they are minor things the neighbour did not considered it was worthy to call a repairman. In his daily visits to make the small repairs he met several friends and relatives of the neighbour who shared with him that their houses were in need of non-urgent small repairs, but they never seem to have the time or energy to do them. One day Bob decided to do a set of small fixes in other neighbor's houses and by the end of the month he was enjoying a different fixing challenge almost every day. The next-door neighbour invited him for dinner, another gave him a present a bottle of good Niagara icewine) and another offered him to pay. At that point, the end of March, Bob realized that he would convert his recently discovered passion into a side business, which would generate some extra money while channeling all his energy and fostering his social life as a young retiree. Bob Thoron contacted a lawyer for advice about incorporating. The legal firm The 6 Law provided the necessary legal advice and did all the necessary paper work to incorporate as a Canada Business Corporation. Initial capitalization allowed for 100 no par value shares. Bob and his life partner were named Directors of the Corporation which was called "Bob Fix-it-All Ltd." The lawyers also checked that the name was not already registered and register his Internet domain website URL as www.bobfixitall.ca for a small fec. One of Bob's cousin works at AMD Bank Canada, Bob turned to him for advice on taking a bank loan to start his business. Instead, Bob's cousin recommended a line of credit after carefully examining Bob's financial situation. After filling a series of paperwork, Bob was successfully pre- approved for a line of credit of $25,000 with interest rate of 1% per month. Bob's cousin explained 1 to Bob that with LOC of $25,000, Bod is able to borrow any amount up to $25,000 at any time whenever he needs the money, the interest will be charged upon the usage of the loan and will be paid through the bank account automatically at the beginning of the following month after the usage. The company launched on April 1, 2021. Bob had accumulated savings and his life partner, who is still working full time, offered to match his contribution to the firm in the form of a loan with an interest rate of 0.5% per month payable on the New Year day of the following year. Bob contributed his savings in exchange for 50 of the shares (first 50 shares were issued) and Bob's partner matched with the same amount of cash. Bob deposited his contribution and his partner's matching into a new corporate bank account Bob had set up with AMD Bank Canada. The bank account, a standard commercial chequing account that gave cheques returned with monthly statements for a monthly fee, can have overdrafts at a fixed cost per day the account is in red. Bob interest was to help good people by fixing and repairing things in their houses, not keeping tabs on his accounts; therefore, he hired you to be his accountant. You have explained your fee and Bob has agreed to retain you. You have prepared a document with the terms of engagement and payment on it You the accountant, informed Bob that if his company would use part of his house to conduct business (storage of equipment and material and communications with clients, the company can pay rent to Bob for its use. The rent shall be reasonable for the Canada Reveme Agency In his first day of providing services under the company's name realized his company needed some sort of third-party liability insurance just in case a repair went rouge and caused damage. He contacted an old acquaintance of him that works for an insurance company and asked for advice. His friend suggested a product that was just for his needs, it was not expensive, so Bob signed off on a promotional 4-month contract and with an option to renew for another 2 years. His friend also pointed out that Bob could only do repairs that are not regulated under a specific trade in the province. In essence, he can do small jobs that cannot produce structural damage to properties. This advice was in line with the scope delineated by the lawyers for Bob's company. Fixing things in homes do not need any large equipment, but an industrial quality drill with accessories and a welding gun would simplify his work and decided to buy them. He estimates all the equipment will last 3 years and will have no residual value at all. As soon as operations started, Bob purchased some office supplies that would allow him to keep a paper trail of each service provided. A small inventory of supplies typically used to do small repairs was needed and he bought some during the operations. In a couple of occasions Bob faced a tricky clectrical issue, so to be on the safe side he would call his good friend Tracy who is a certified electrician to ask for advice. Bob pays Tracey a flat fee per a 2 call; however, if the call involves a video call or extends beyond 15 minutes it is double the fec. Homeowners are extremely pleased with this approach and thank Bob for being proactive in involving experts. Most of Bob's customers are too busy to perform the small repairs needed and have little to no knowledge of how to clean or properly maintain the mechanisms in the house. Bob saw a great opportunity here and decided to buy in bulk the most common items needed in a house such as: oil with application device to maintain windows, door hinges and simple mechanisms. The terms of sale were 50% cash on delivery and the other 50% in 60 days. Any unpaid balance would be accumulated in account payable. He did a very good job at sourcing those products, allowing him to have a large gross margin and still be competitive matching the prices of local stores. Seeing how well his activity was going and how happy he was with his new enterprise, Bob decided to make his presence more noticeable by printing flyers to be left in stores and colorful posters to be placed in the announcement section of the condo buildings where many of his customers reside. Under the company name, Bob signed a prepaid phone plan to take advantage of the promotional rate. His use was intensive because some of the customers would call him to ask for advice on how to attempt the fix by themselves. All payments made by the company Bob fix-it-all were done through cheque to make sure all business-related expenses were accounted for. At the end of the month, you the accountant would calculate the amount for income tax and send an email to Bob with the amount. All income tax accrued in the current month need to be paid before the due date on 1s" of the following month. Bob knew all his customers and was comfortable in collecting his service fees in cash, cheque or bank transfers at the end of the service or within a month. Every two weeks he would prepare a summary note of services rendered, merchandising delivered, and cash collected from the customers. Some customers were so pleased with his job that paid him in advance. One gentleman considered the bank charged too much for transactions, so he made a lump sum payment to Bob on account for future services. Bob received it and at the end of each service he would show the customer how much is the balance lett given the services consumed so far. The customer was happy. After the first 4 months of successful operations, Bob gained sizable new customers, however, most of the new customers live far away, in order to conduct business effectively, Bob decided to buy a used van on August 1, 2021 and used it solely for business purpose. Bob paid the van with $2,000 cash (from company bank account) and the rest was borrowed and paid from the line of credit. Bob estimates that the used van would last for 50 months and will have no residual value at the end. Bob decided to declare dividends for an amount reasonable that would not drain the remaining cash from the company. Bob declared $20 per share dividend each month for the past four months (April, 3 Bookkeeping for a small business organization Case: Bob fix-it-all - August 2021 By Zihao (Emily) Xu Bob I just retired in his early 50's and has plenty of time in his hands, Bob used to be maintenance supervisor in the manufacturing motor Bob had a great reputation as the employee that can fix any machine, pipe or panel. Unfortunately, the manufacturing sector in Ontario has been dedining and I was eventually offered a generous package to accept an early retirement Ow day, his next-door neighbor asked him if he could fix a leaking pipe and he did it But while at the house of the next door neighbor, he noticed minor repairs needed everywhere. It took Bob several short visits to fix all that needed to be fixed, but since they are minor things the neighbour did not considered it was worthy to call a repairman. In his daily visits to make the small ropains de mer several friends and ratives of the neighbour who shared with him that their houses were in need of non-argent email repairs, but they never seem to have the time or energy to do them. One day Bob decided to do a set of small fixes in other neighbor's houses and by the end of the month he was enjoying a different fixing challenge almost every day, The next-door neighbour invited him for dinner, another gave him a present (a bottle of good Niagara icewine) and another offered him to pay. At that point, the end of March, Bob realized that he would convert his recently discovered passion into a side business, which would generate some extra money while channding all his energy and fosforing his social life as a young retire Bob Thoron contacted a lawyer for advice about incorporating. The local firm The Law provided the necessary legal advice and did all the necessary paper work to incorporate as a Canada Business Corporation. Initial capitalization allowed for 100 no par value shares. Bob and his life partner were named Directors of the Corporation which was called "Bob Fix-it-All Lid." The lawyers also checked that the name was not already registered and register his Internet domain website URL as www.boblixital.ca for a small foo a One of Bob's cousin works at AMD Bank Canada, Bob tumed to him for advice on taking a bank loan to start his business. Instead, Bob's cousin recommended a line of credit after carefully examining Bob's financial situation. After filling a series of paperwork, Bob was successfully pro- approved for a line of credit of $25,000 with interest rate of 1% per month Bob's cousin explained do Bob that with LOC of $25,000. Bod is able to borrow any amount up to $25,000 at any time whenever be needs the money, the interest will be charged upon the age of the loan and will be paid through the bank account automatically at the beginning of the following month after the The company launched on April 1, 2021. Bob had accumulated savings and his life partner, who is still working full time, offered to match his contribution to the form in the form of a loan with an interest rate of 0.3% per month payable on the New Year day of the following year. Bob contributod his savings in exchange for 50 of the shares (first 50 shares were issued) and Bob's partener matched with the same amount of cash. Bob deposited his contribution and his partner's matching into a now corporate bank account Bob had set up with AMD Bank Canada. The bank account, a standard commercial chequing account that gave cheques returned with monthly statements for a monthly fre, can have overdrafts at a fixed cont per day the account is in red. Bob interest was to help good people by fixing and repairing things in their houses, not keeping tabe on his accounts, thereforc, ho hired you to be his accountant. You have explained your fee and Bob has agreed to retain you. You have prepared a document with the terms of engagement and payment on it. You, the accountant, informed Bob that if his company would une part of his house to conduct business (storage of equipment and material and communications with clients); the company can pay rent to Bob for its use. The rent shall be reasonable for the Canada Revenue Agency In his first day of providing services under the company's name realized his company needed some sort of third-party liability insurance just in case a repair went rouge and caused damage. He contacted an old acquaintance of him that works for an insurance company and asked for advice. His friend suggested a product that was just for his needs, it was not expensive, so Bob signed off on a promotional 4-month contract and with an option to renew for another 2 ycars. His friend also pointed out that Bob could only do repairs that are not regulated under a specific trade in the province. In cssence, he can do small jobs that cannot produce structural damage to properties. This advice was in line with the scope delineated by the lawyers for Bob's company. Fixing things in homes do not need any large equipment, but an industrial quality drill with accessories and a welding gun would simplify his work and decided to buy them. He estimates all the equipment will last 3 years and will have no residual value at all As soon as operations startod, Bob purchased some office supplies that would allow him to keep a paper trail of each service provided. A small inventory of supplies typically used to do small repairs was needed and he bought some during the operations In a couple of occasions Bob faced a tricky clectrical issue, so to be on the safe side he would call his good friend Tracy who is a certified clectrician to ask for advice. Bob pays Tracey a flat fee per call of the call who video call or extended 15 minutes it is double the foc wers are extremely pleased with this ach and thank Bob for being protein mine experts Mor Babescos y perform the small reais eed and have like to konto of how to come poperty maintain the mechi in the home. Bob w a great wanity here and decided to buy in bulk the most common om meeded in a hemeroch with application dewe wintain windows down hinges and simple mechanisms. The terms of we were son ch on delivery and the other so in d. Any unpaid balance would be cumulated in contable. He did a very good job at sourcing the products, allowing him to have a large from margin and still be competitive matching the prices of local store Seeing how well his activity was point and how happy he was with his wow enterprise, Bob decided to make his presence move noticeable by printing flyers to be left in stores and colorful poatens to be placed in the amouncement section of the cando buildings where many of his customer reside nder the company name, Dob signed a prepaid phone plan to take advantage of the promotional rate. His me was intensive because some of the customers would call him to ask for atvice on how to attempt the fix by themelves. All payments made by the company Bob fis-it-all were done through cheque to make we all business-related expenses were accounted for At the end of the mouth you the accountant would calculate the amount for income tax and send an email to Bob with the amount. All income tax accrued in the current month need to be paid before the due date on 15 of the following month 13ob knew all his customers and was comfortable in collecting his service fees in cash, cheque or bank transfer at the end of the service or within a month. Every two weeks he would prepare a summary note of services rendered, merchandising delivered and cash collected from the customers. Some customers were so pleased with his job that paid him in advance. One gentleman considered the bank charged too much for transactions, so he made a lump sum payment to Bobom account for future services. Bob received it and at the end of each service he would show the customer how much is the balance lett given the services consumed so far. The customer was happy w After the first 4 months of successful operations, Bob gained sizable new customers, however, most of the new customers live far away, in order to conduct business effectively, Bob decided to buy a used van on August 1, 2021 and used it solely for business purpose. Bob paid the van with $2,000 cash (from company bank account) and the rest was borrowed and paid from the line of credit. Bob estimates that the used van would last for 50 months and will have no residual value at the end Bob decided to declare dividends for an amount reasonable that would not drain the remaining cash from the company, Bob declared S20 per share dividend cach month for the past four months (April, May, June and July) and intend to declared s3x (where X is the last digit of your student ID, for example, if last digit of your student ID is 7, then 537) per share dividends for August 2021. Dividende declared in the current month are paid with a withdraw from the bank account in the following month Additional information 1. There are no additional capital invested into the company from April 2021 to the end of August, 2021 (no additional shares being exchanged nor additional matching). 2. On mid-August 2021, after reading the news, Bob realized that the manufacturer of the faucet he has been using in his clients' bathrooms han recalled a large batch of products that were deemed to be defective. A defective or Icaking faucet will not only waste water causing water bill to increac, it can also result in serious damagos (possible floor and ceiling damagcs) which can result in expensive repains especially in condon. Bob made 17-bathroom repairs using that faucet, if the product he actually used was part of the hatch recalled he is seriously thinking of removing the faucet applied in those 17 bathrooms and replace it with a new product; however, he does not remember exactly which bathrooms he applied the face. He is unsure on what to do and consulted The 6 Law who indicated he will be liable for damaged cause by the use of failed material. I lowever, the liability will be conditional to the actual damage emerging in the client's bathrooms. In terms of setting up the accounting system you the accountant) together with Bob (your clicnl) decided on the following records in April 2021: Chart of Accounts General Journal Sales Journal Disbursements Journal Note to students: Some invoices, payments and taxes will require you to use a part of your student number. For example: the owner contributes to the company 300 times the last digit of your student number in a piece of equipment or has sales of S1 X00. If your student number is 123894567, the owner's contribution is $2,100 (5300 times 7 - $2.100) and the sales is 51,700 where the last digit of your student number replaces the X in S1 X00 students with O as the last digit must use 3 as the last digit for all transactions Required: Prepare the accounting records for Bob fix it all Note: this task is based on the analysis of very extensive narrative and detailed project documents. The next pages have all the documents that Bob processed and are kept in a shoebox (use 2 decimal places, if needed round up the figures to the next cent). Students with the last digit being 0 (zero), must use 3 as if it were the last digit for all transactions in this part of the term project. STEP 1: Prepare the Financial Statements by doing the following: 1. Check and use the Chart of Accounts provided (do not create new accounts), 2. Prepare the bank and cash reconciliation for August 31" 2021. 3. Prepare the General Journal for the month of August (all journal entries including AJE). Prepare Cosing Entries for the month of August to continue with business in the month of September as the next period. 4. Post all transactions to the T-accounts and prepare a trial balance. Show a detailed balance of cach of these accounts for the month of August operations (end of Month) 5. Prepare the Financial Statements in good form for the month of August including contingency disclosures that are exclusive of the transactions of this case (do not include general notes). Prepare an income Statement, a Statement of Owners Equity (Retained Earnings), and a Statement of Financial Position (Balance Sheet). Cash flow statement is not required. 6. Each General Journal entry should satisfy all formalities (date, explanation, accounts, etc.). . STEP 2: Analyze the financial statements and answer the following questions: How much is the maximum that can be paid in dividends? Make one clear suggestions of how the business can improve its bottom line? With the data of the financial statements that you have completed, is the business sustainable? STEP 3: Submit all the items in one word or readable PDF document (no pdf pictures or scans, instead generate the pdf file as a print out of the software you are using: Word, Excel, etc.). Before submitting check that the files have been printed as desired and that the PDF file generated can be read. Charl of Accounts Assets Expenses Accounts Receivables Accountant Fee Expense Accumulated Depreciation Tools Bank Service Expense Accumulated Depreciation - Van Bank Overdraft Fees Cash Cost of Goods Sold Equipment - Tools Depreciation Expense Tools Van Depreciation Expense - Van Inventory Electrician Fee Expense Organizational Costs Income Tax Expense Prepaid Insurance Insurance Expense Prepaid Office Supplies Office Supplies Expense Prepaid Promotion and Publicity Phone Expense Prepaid Phone Service Promotion and Publicity Expense Prepaid Rent Rent Expense Supplies Supplies Expense Liabilities Interest Expenses Accountant Fee Payable Revenue Accounts Payable Revenue Advances from Customers Shareholders' Equity Dividends Payable Share Capital Loan Payable Retained Earnings Income Tax Payable Dividends Interest Payable Electrician Fee Payable Other (Temp): Line of Credit Loan Income Summary Financial Statements: Bob fix-it-all Service Ltd. Bob fix-it-all Service Ltd. Income Statement For the month July 2021 Revenue Services 3,300.00 Expenses Cost of goods sold 325.00 Accountant Fee Expense 150.00 Bank Service Expense 52.00 Electrician Fee Expense 80.00 Interest Expense 25.00 Insurance Expense 25.00 Phone Expense 45.00 Promotion and Publicity Expense 67.00 Depreciation expense - Tools 180.00 Office supplies expense 70.00 Rent Expense 100.00 Supplies Expense 133.00 Income before income taxes 2,048.00 Income Tax Expense 5.00 Net Income 1,823.00 Bob fix-it-all Service Ltd. Statement of Retained Earnings July 31" 2021 Retained Earnings July 10 2021 plus Net Income less Dividends Retained Earnings July 31 2021 165532 1823.00 (1000.00 2.478.32 Bob fix-it-all Service Ltd. Statement of Financial Position July 31st 2021 ASSETS Current Assets Cash Accounts Receivables Inventory Prepaid Office Supplies Prepaid Insurance Prepaid Promotion and Publicity Prepaid Rent Prepaid Phone Service Supplies Capital Assets Organizational Costs Equipment - Tools less: Accumulated Depreciation - Tools 448032 1.280.00 0.00 45.00 0.00 0.00 0.00 365.00 55.00 4,000.00 6.480.00 1720.00) 15,985.32 Current Liabilities Dividends Payable Accounts Payable Advances from Customers Interest Payable Electrician Fee Payable Accountant Fee Payable Income Tax Payable Long-term Liabilities Loan Payable Shareholder's Equity Share Capital Retained Earnings 1.000.00 352.00 680.00 100.00 550.00 600.00 225.00 5,000.00 5,000.00 2.47832 15.985.32 Bob fix-it-all Service Ltd. Statement of Retained Earnings July 31 2021 Retained Earnings, July 1* 2021 plus: Net Income less: Dividends Retained Earnings, July 31" 2021 1655.32 1823.00 (1000.00) 2.478.32 Bob fix-it-all Service Ltd. Statement of Financial Position July 31st 2021 ASSETS Current Assets Cash Accounts Receivables Inventory Prepaid Office Supplies Prepaid Insurance Prepaid Promotion and Publicity Prepaid Rent Prepaid Phone Service Supplies Capital Assets Organizational Costs Equipment - Tools less: Accumulated Depreciation - Tools 4480.32 1,280.00 0.00 45.00 0.00 0.00 0.00 365.00 55.00 4,000.00 6,480.00 (720.00 15,985.32 Current Liabilities Dividends Payable Accounts Payable Advances from Customers Interest Payable Electrician Fee Payable Accountant Fee Payable Income Tax Payable Long-term Liabilities Loan Payable Shareholder's Equity Share Capital Retained Earnings 1,000.00 352.00 680.00 100.00 550.00 600.00 225.00 5,000.00 5,000.00 2.478.32 15,985.32 The 6 LAW- Barristers & Solicitors INVOICE To: Bab liit From: Perry Mason Term Dume 1.2001 Date: Apr 1, 2001 Re: Professional Services . For services rendered in connection with the incorporation of Bob fix-it-all Service Ltd. including but not limited to: Filing application for articles of incorporation as a Canada Business Corporation Securing trademark protection on the name Bob fix-it-all Filing necessary documents with the Canadian Registrar of Companies Filing appropriate documents as required under the Ontario Directors' Act to name corporate directors Registering the Internet domain name (www.bobixitall.ca) Various legal advice on these and other matters . The 6 LAW- Barristers & Solicitors Certified Document To: Bob Tro Perry Meso Date: Apr 1, 2001 Rencontro . . . Hereby I certify the following items were agreed and happened with me as a witness: Bob fix-it-all Service lad. has issued 100 shares. Mr. Bob Thoron contributed an amount in cash in exchange for 50 shares of the company. The contribution was made in cash and deposited in the bank account of the company. Mr. Charles Hop provided a revolving term loan to the company for the same amount as Mr. Bob Thoron contributed. The revolving loan will be renovated at the end of each year. Interest of 6% per annum applies and will be paid in cash on January 2nd of the following year. Interest is to be calculated proportional to the months in which money was outstanding. . ES 688 68 Bank AMD Canada Statement of Account 2504 Dumple Crescent Account 3001-001-33470 Toronto ON MJ1PT Chequing Account Statement Date Branch 3061 August 31, 2021 Bob fix-itall 9700 Koele St-Unit 14 Maple ON Date Description Debits Credits Balance August 1 Opening Balance 420 32 August 1 CHEQUENO (1) August 1 CHEQUE 20 August 1 Transfer from Line of Credit ta August 1 CHEQUE 109 August CHEQUE 1 (5) August 1 CHEQUE 2 August 1 Withdrawal 1,000.00 August 1 CHEQUE 35 August 3 CHEQUE 34 270.00 August 12 CHEQUE NO 105.00 August 14 CHEQUE 20 225 00 August 17 FEE BANK OVERDRAFT August 2 to 16 (10) August 31 DEPOSITS 07 August 31 CHEQUE 37 650.00 August 31 DEPOSITS (7) August 31 MONTHLY SERVICE CHARGE (11) TOTALS Notes: (1) The amount must be equal to 600 times the last digit of your student number (rent) (2) The amount must be equal to 720 times the last digit of your student number (insurance) (3) The amount must be equal to 50% of 530 times the last digit of your student number (inventory) (4) The amount must be equal to 100 times the last digit of your student number (promotion) (5) The amount must be equal to 70 times the last digit of your student number (publicity) (6) The amount must be equal to $(2,000+X,000) where X is the last digit of your student number (van) (62) SX,000 were borrowed from Line of Credit, X is the last digit of your student number (7) The deposit equal to 3700 times the last digit of your student number is revenue cellected in cash for services provided in August plus 600 times the last digit of your student mumber of the revenue collected in cash for the sale of inventory in August plus 500 times the last digit of your student number for prepaid revenues (money collected but services not provided yct) that is received in August (7a) The amount equal to 70% of accounts receivables that were outstanding on July 31", 2021 (10) The amount must be equal to 76 times the last digit of your student number (bank overdraft fee) (11) The amount must be equal to 15 times the last digit of your student number (bank fee) Bob Thoron representing Bob fix-it-all Ltd. Agrees to pay Bob Thoron (the individual owner of the property where commercial activities are developed by Bob fix-it-all) the sum of (1) for the months of August, September, October, and November. This document acts as a receipt to both parties that the service has been agreed and paid in advance Bob Theron Poid with Cheque #50 (1) The amount must be equal to 600 times the last digit of your student number (ren) CANADIAN TIRE Gaid with Cheque #1 105 Lakeshore drive Toronto, ON M3S 727 phone. 416-878-9632 fax: 416-878-9633 Invoice # Invoice Date Terms CT 8978 April 1, 2021 Due upon delivery of equipment Quantity Amount 1 Description 200 Cordless Drill and Impact Driver Combo lot, 13 Ah Cut Welder kit including brass torch handle, cutting attachments and acetylene cylinder 4,000 1 2,480 Previous Balance $0 Payments and Adjustments $0 Overdue Balance New Charges $0 $6480 Total Amount Due $6,480 terms: Payable in cash or cheque upon delivery No return accepted without prior written author at on All clams must be made within 5 days following receipt of Goods INVOICE/FACTURE STAPLES Price Total Quantity Office Supplies Paper and Pads Pencerrecten, merken Hunden Label and plastic tags Staple, Puncher Pola with Cheque #86 Scio + Total $165.00 easy Store 2015 HW7 & Weston 1-877-360-8500 LO August 12, 2021 183805 Vahe of replice sredible at Apart 37: 185,00 Hunting Gear Bulky Depot Where cheap and good hunting gear is available To: Bob fcital 1010 Invoice Invoice Dale Aug 1, 2001 Amount Ory 20 30 8831 Desorion Gruder Caner Degreaser Lubricating Oun Ol WD 40 Special Diland Du Resistant Dry Luce PTFE Spray Balance Due Lao Payment conditioner 80% on delivery, the rest werin 60 days of time of delivery Pease make cheque payable to Hunting Gear Bulay Depot 4009 Kesle St-Unt 11 pronto ON MJ1P3 Sncenlosy paid (50%) esith Cheque #88 Vole of an org pudelle forme Agar at Os the wound matbol to 530 La Giraf your haben unter (very) Ba) The collegal to meet studend ber(inntatory) INSTAPRINT Bobfall TOR230 August 2011 be De Description Amount Am Balance Due 14 Payment condition 10 when ordering the rest of time of delivery Pacheque payable Poid with Cheque # InstaPrint 48 Burgess Ave. Scarborough ON MTZ 1W9 Devery they be ready to pop on August 2021 + Master of Byers leerdere bring Apart Store The 100 do you) INSTAPRINT : Bob fix-it-all TOROZ31 August 1, 2021 Invoice Invoice Date Quantity Description Amount 10 Colorful posters Balance Due 15 Payment conditions: 10% when ordering the rest at time of delivery Pleme make cheque payable to InstaPrint 48 Burgess Ave. Scarborough, ON MTZ 1W9 Delivery the posters will be ready to pick up on August 1 2021 Poid with Cheque #81 3 were distupated i Aapart (5) The amount must be equal to 70 times the last dpt of your damer (publicity) CANADIAN TIRE Poid mith Cheque #84 105 lakeshore drive Toronto, ON M3S 727 phone: 416-878-9632 fox 416-878-9533 Invoices Invoice Date Terms CT 6978 August 3, 2021 Due upon delivery of equipment Quantity Description Anti-Siphon Toilet Tank Balicock 10-in 1 Toilet Tank Lever 8-in 1 Push Nut Assortment 10 pk 1 Hande, 1-pl Durabond so Repair Compound Amount $ 9