Chapter 3.

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Tyson's Toys-PI-3A, Student's Name
Vendor Aged Detail As at Mar 31, 2022

Source Date Terms Transaction Type Total Current 31 to 60 61 to 90

City Office Supplies
1235 Mar 02, 2022 2%/10, Net 30 Invoice 154.57 154.57 - -

Total outstanding: 154.57 154.57 - -

Jason's Transport Service

6691 Mar 01, 2022 Net 30 Invoice 1,356.00 1,356.00 - -

Total outstanding: 1,356.00 1,356.00 - -

Lanting Speciality Toys

6198 Feb 22, 2022 2%/10, Net 30 Invoice 1,057.68 - 1,057.68 -
6211 Feb 25, 2022 2%/10, Net 30 Invoice 3,403.56 - 3,403.56 -

Total outstanding: 4,461.24 - 4,461.24 -

Markham Toy Manufacturing

1622 Mar 22, 2022 2%/10, Net 30 Invoice 1,154.86 1,154.86 - -
1638 Mar 30, 2022 2%/10, Net 30 Invoice 1,127.74 1,127.74 - -

Total outstanding: 2,282.60 2,282.60 - -

Thompson Toy Makers

886 Mar 15, 2022 2%/10, Net 30 Invoice 2,412.55 2,412.55 - -

Total outstanding: 2,412.55 2,412.55 - -

Total unpaid invoices: 10,666.96 6,205.72 4,461.24 -

Total prepayments/prepaid orders: - - - -

Total outstanding: 10,666.96 6,205.72 4,461.24 -

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Student's Name
Vendor Aged Detail As at Mar 31, 2022

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Tyson's Toys-PI-3A, Student's Name
Balance Sheet As at Mar 31, 2022 - Balance Sheet YTD

ASSET

Current Assets
Bank Chequing Account 11,425.00
Bank Savings Account 580.60
Accounts Receivable 12,899.00
Toys and Parts Inventory 6,907.29
Prepaid Office Supplies etc. 625.00
Prepaid Insurance 0.00
Total Current Assets 32,436.89

Capital Assets
Store Equipment 25,138.45
Accum. Deprec. Store Equipment -11,393.00
Store Equipment - Net 13,745.45
Office Furniture/Equipment 2,812.60
Accum. Deprec Office//Furniture... -1,605.00
Office/Furniture/Equipment - Net 1,207.60
Total Capital Assets 14,953.05

TOTAL ASSET 47,389.94

LIABILITY

Current Liabilities
Accounts Payable 10,666.96
Credit Card Payable 0.00
HST Charged on Sales 1,738.25
HST Paid On Purchases -650.14
HST Owing (Refund) 1,088.11
Bank Loan Payable 14,310.86
Total Current Liabilities 26,065.93

TOTAL LIABILITY 26,065.93

EQUITY

Owner's Equity
Capital Jerry Tyson 11,924.65
Drawings Jerry Tyson -3,500.00
Capital Net Jerry Tyson 8,424.65
Capital Helen Tyson 11,924.65
Drawings Helen Tyson -3,500.00
Capital Net Helen Tyson 8,424.65
Current Earnings 4,474.71
Owner's Equity Total 21,324.01

TOTAL EQUITY 21,324.01

LIABILITIES AND EQUITY 47,389.94

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Student's Name
Income Statement Jan 01, 2022 to Mar 31, 2022

REVENUE

Revenue
Sales 34,191.08
Sales - Discount -212.30
Sales - Returns & Allowances -604.00
Revenue Total 33,374.78

Other Revenue
Handling Fee 0.00
Other Revenue Total 0.00

TOTAL REVENUE 33,374.78

EXPENSE

Cost of Goods Sold

Cost of Goods Sold 16,623.00
Purchase Discounts -289.93
Inventory Adjustments 0.00
Cost of Goods Sold Total 16,333.07

SALES EXPENSES
Rent Expense 6,000.00
Advertising Expense 516.00
Bank Loan Interest 301.00
Bank Charges 135.00
Credit/Debit Card Expense 0.00
Insurance Expense 303.00
Auto Lease Expense 1,200.00
Total Sales Expenses 8,455.00

Office/Store Expenses
Office/Store Supplies Expense 750.00
Telephone Expense 912.00
Utility Expense 1,250.00
Bad Debts Expense 0.00
Delivery Expense 1,200.00
Total Office/Store Expenses 4,112.00

TOTAL EXPENSE 28,900.07

NET INCOME 4,474.71

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Student's Name
Inventory Summary Mar 31, 2022

Item No. Description Unit Price Quantity Cost Value Margin %

Cars-Lg Cars-Large Each 64.00 44 32.00 1,408.00 50.00
Cars-Med Cars-Medium Each 44.95 50 22.71 1,135.50 49.48
Cars-SM Cars-Small Each 29.90 65 15.08 980.20 49.57
Doors-Sm Doors-Small Each 2.40 147 1.20 176.40 50.00
Trailer-Tr Trailer-Truck Each 19.50 70 10.00 700.00 48.72
Trucks-LG Trucks-Large Each 59.00 50 30.00 1,500.00 49.15
Trucks-SM Trucks-Small Each 28.00 57 14.32 816.24 48.86
Truck-WL Truck-Wheels Each 1.99 30 0.99 29.70 50.25
Var-odd Various Odd parts Each 2.49 125 1.29 161.25 48.19

6,907.29

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Student's Name
Pending Purchase Orders Summary by Vendor As at Apr 08, 2022

Purchase Order Purchase Order Original Order

Number Date Ship Date Amount
Markham Toy Manufacturing
82 Apr 01, 2022 Apr 05, 2022 647.26
647.26

647.26

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Student's Name
Vendor List as of Mar 31, 2022

Name Contact Street 1 Street 2 City Province Postal Code Phone No. 1 Balance Owing
A-Jamal Kessab Toy ... A-Jamal Kessab 956 West credit avenue Mississauga Ontario L6X 3K9 9058203865... -
City Office Supplies 214 College Street Toronto Ontario M3T 3A1 (416) 978-7... 154.57
Jason's Transport Ser... Jason Alexander 6650 Falconer Drive Mississauga Ontario L5B 2B9 (905) 819-4... 1,356.00
Lanting Speciality Toys Mr. Bruce Lanting 56 Edridge Blvd. Toronto Ontario M4X 3N8 (416) 633-8... 4,461.24
Markham Toy Manufa... 256 Manley Street Markham Ontario L3R 4J1 (800) 848-9... 2,282.60
Metro Phone Co. 678 Boxlane Road Willowdale Ontario M2N 9B7 (416) 221-1... -
NAS Business Forms Jorge Steinmetz 8599 Hammel Avenue Toronto Ontario M8W 3X9 (416) 983-2... -
Receiver General 875 Heron Road Ottawa Ontario K1A 1A3 -
Thompson Toy Makers Kathy Thompson 1271 Norman Avenue London Ontario N6K 2A1 (519) 638-5... 2,412.55
Willowdale Mall Ltd. 1012 Finch Avenue W... Willowdale ON M2R 3K9 (416) 633-6... -

Number of Vendors listed: 10

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Student's Name
Purchases Journal Entry Apr 06, 2022 (J1)

Account Number Account Description Debits Credits

1310 Toys and Parts Inventory 300.00 -
2560 HST Paid On Purchases 39.00 -
2200 Accounts Payable - 339.00
Additional Date: Additional Field:
339.00 339.00

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Student's Name
Vendor Aged Detail As at Apr 06, 2022

Source Date Terms Transaction Type Total Current 31 to 60 61 to 90

Thompson Toy Makers
886 Mar 15, 2022 2%/10, Net 30 Invoice 2,412.55 2,412.55 - -
996 Apr 06, 2022 2%/10, Net 30 Invoice 339.00 339.00 - -

Total outstanding: 2,751.55 2,751.55 - -

Total unpaid invoices: 2,751.55 2,751.55 - -

Total prepayments/prepaid orders: - - - -

Total outstanding: 2,751.55 2,751.55 - -

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Student's Name
Vendor Aged Detail As at Apr 06, 2022

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Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Purchases Journal Entry Apr 06, 2022 (J2)

Account Number Account Description Debits Credits

1330 Prepaid Office Supplies etc. 300.00 -
2560 HST Paid On Purchases 39.00 -
2200 Accounts Payable - 339.00
Additional Date: Additional Field:
339.00 339.00

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Payments Journal Entry Apr 07, 2022 (J3)

Account Number Account Description Debits Credits

2560 HST Paid On Purchases 260.00 -
5310 Rent Expense 2,000.00 -
1010 Bank Chequing Account - 2,260.00
Additional Date: Additional Field:
2,260.00 2,260.00

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Purchases Journal Entry Apr 01, 2022 (J4)

Account Number Account Description Debits Credits

2560 HST Paid On Purchases 45.76 -
5450 Telephone Expense 352.00 -
2200 Accounts Payable - 397.76
Additional Date: Additional Field:
397.76 397.76

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Purchases Journal Entry Apr 01, 2022 (J5)

Account Number Account Description Debits Credits

1310 Toys and Parts Inventory 572.80 -
2560 HST Paid On Purchases 74.46 -
2200 Accounts Payable - 647.26
Additional Date: Additional Field:
647.26 647.26

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Payments Journal Entry Apr 07, 2022 (J7)

Account Number Account Description Debits Credits

2560 HST Paid On Purchases 273.00 -
5310 Rent Expense 2,100.00 -
1010 Bank Chequing Account - 2,373.00
Additional Date: Additional Field:
2,373.00 2,373.00

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Purchases Journal Entry Apr 07, 2022 (J8)

Account Number Account Description Debits Credits

2200 Accounts Payable 210.36 -
1310 Toys and Parts Inventory - 186.16
2560 HST Paid On Purchases - 24.20
Additional Date: Additional Field:
210.36 210.36

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Vendor Aged Detail As at Apr 07, 2022

Source Date Terms Transaction Type Total Current 31 to 60 61 to 90

Markham Toy Manufacturing
1622 Mar 22, 2022 2%/10, Net 30 Invoice 1,154.86 1,154.86 - -
1638 Mar 30, 2022 2%/10, Net 30 Invoice 1,127.74 1,127.74 - -
1693 Apr 01, 2022 2%/10, Net 30 Invoice 647.26 647.26 - -
1693Rt CM265 Apr 07, 2022 2%/9, Net 29 Invoice -210.36 -210.36 - -

Total outstanding: 2,719.50 2,719.50 - -

Total unpaid invoices: 2,719.50 2,719.50 - -

Total prepayments/prepaid orders: - - - -

Total outstanding: 2,719.50 2,719.50 - -

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Vendor Aged Detail As at Apr 07, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Pending Purchase Orders Detail by Vendor As at Apr 15, 2022

Purchase Order Purchase Or... Original Order Back Order

Number Date Ship Date Amount Item Description Unit Quantity
A-Jamal Kessab Toy Parts
83 Apr 05, 2022 Apr 15, 2022 111.87
Truck-... Truck-Wheels Each 100.0000
111.87

111.87

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Purchases Journal Entry Apr 07, 2022 (J9)

Account Number Account Description Debits Credits

2200 Accounts Payable 339.00 -
1310 Toys and Parts Inventory - 300.00
2560 HST Paid On Purchases - 39.00
Additional Date: Additional Field:
339.00 339.00

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Payments Journal Entry Apr 07, 2022 (J10)

Account Number Account Description Debits Credits

2200 Accounts Payable 718.68 -
1010 Bank Chequing Account - 718.68
Additional Date: Additional Field:
718.68 718.68

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Payments Journal Entry Apr 15, 2022 (J11)

Account Number Account Description Debits Credits

2200 Accounts Payable 2,751.55 -
1010 Bank Chequing Account - 2,745.55
5080 Purchase Discounts - 6.00
Additional Date: Additional Field:
2,751.55 2,751.55

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Vendor Aged Detail As at Apr 15, 2022

Source Date Transaction Type Total Current 31 to 60 61 to 90 91+

Thompson Toy Makers
886 Mar 15, 2022 Invoice 2,412.55 - 2,412.55 - -
2514 Apr 15, 2022 Payment -2,412.55 - -2,412.55 - -
996 Apr 06, 2022 Invoice 339.00 339.00 - - -
2514 Apr 15, 2022 Discount -6.00 -6.00 - - -
2514 Apr 15, 2022 Payment -333.00 -333.00 - - -

Total outstanding: - - - - -

Total unpaid invoices: - - - - -

Total prepayments/prepaid orders: - - - - -

Total outstanding: - - - - -

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
All Journal Entries Apr 01, 2022 to Apr 15, 2022

Account Number Account Description Debits Credits

Apr 06, 2022 J1 996, Thompson Toy Makers
1310 Toys and Parts Inventory 300.00 -
2560 HST Paid On Purchases 39.00 -
2200 Accounts Payable - 339.00

Apr 06, 2022 J2 4556, NAS Business Forms

1330 Prepaid Office Supplies etc. 300.00 -
2560 HST Paid On Purchases 39.00 -
2200 Accounts Payable - 339.00

Apr 01, 2022 J4 PHMar31, Metro Phone Co.

2560 HST Paid On Purchases 45.76 -
5450 Telephone Expense 352.00 -
2200 Accounts Payable - 397.76

Apr 01, 2022 J5 1693, Markham Toy Manufacturing

1310 Toys and Parts Inventory 572.80 -
2560 HST Paid On Purchases 74.46 -
2200 Accounts Payable - 647.26

Apr 07, 2022 J7 2512, Willowdale Mall Ltd.: Mall rent for Apr at 93 Betty Ann Drive
2560 HST Paid On Purchases 273.00 -
5310 Rent Expense 2,100.00 -
1010 Bank Chequing Account - 2,373.00

Apr 07, 2022 J8 1693Rt CM265, Markham Toy Manufacturing

2200 Accounts Payable 210.36 -
1310 Toys and Parts Inventory - 186.16
2560 HST Paid On Purchases - 24.20

Apr 07, 2022 J9 6198Ret, Lanting Speciality Toys

2200 Accounts Payable 339.00 -
1310 Toys and Parts Inventory - 300.00
2560 HST Paid On Purchases - 39.00

Apr 07, 2022 J10 2513, Lanting Speciality Toys

2200 Accounts Payable 718.68 -
1010 Bank Chequing Account - 718.68

Apr 15, 2022 J11 2514, Thompson Toy Makers

2200 Accounts Payable 2,751.55 -
1010 Bank Chequing Account - 2,745.55
5080 Purchase Discounts - 6.00
8,115.61 8,115.61

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Vendor Aged Detail As at Apr 15, 2022

Source Date Terms Transaction Type Total Current 31 to 60 61 to 90

City Office Supplies
1235 Mar 02, 2022 2%/10, Net 30 Invoice 154.57 - 154.57 -

Total outstanding: 154.57 - 154.57 -

Jason's Transport Service

6691 Mar 01, 2022 Net 30 Invoice 1,356.00 - 1,356.00 -

Total outstanding: 1,356.00 - 1,356.00 -

Lanting Speciality Toys

6198 Feb 22, 2022 2%/10, Net 30 Invoice 1,057.68 - 1,057.68 -
2513 Apr 07, 2022 Payment -1,057.68 - -1,057.68 -
6211 Feb 25, 2022 2%/10, Net 30 Invoice 3,403.56 - 3,403.56 -
6198Ret Apr 07, 2022 Invoice -339.00 -339.00 - -
2513 Apr 07, 2022 Payment 339.00 339.00 - -

Total outstanding: 3,403.56 - 3,403.56 -

Markham Toy Manufacturing

1622 Mar 22, 2022 2%/10, Net 30 Invoice 1,154.86 1,154.86 - -
1638 Mar 30, 2022 2%/10, Net 30 Invoice 1,127.74 1,127.74 - -
1693 Apr 01, 2022 2%/10, Net 30 Invoice 647.26 647.26 - -
1693Rt CM265 Apr 07, 2022 2%/9, Net 29 Invoice -210.36 -210.36 - -

Total outstanding: 2,719.50 2,719.50 - -

Metro Phone Co.

PHMar31 Apr 01, 2022 Net 23 Invoice 397.76 397.76 - -

Total outstanding: 397.76 397.76 - -

NAS Business Forms

4556 Apr 06, 2022 2%/10, Net 30 Invoice 339.00 339.00 - -

Total outstanding: 339.00 339.00 - -

Thompson Toy Makers

886 Mar 15, 2022 2%/10, Net 30 Invoice 2,412.55 - 2,412.55 -
2514 Apr 15, 2022 Payment -2,412.55 - -2,412.55 -
996 Apr 06, 2022 2%/10, Net 30 Invoice 339.00 339.00 - -
2514 Apr 15, 2022 Discount -6.00 -6.00 - -
2514 Apr 15, 2022 Payment -333.00 -333.00 - -

Total outstanding: - - - -

Willowdale Mall Ltd.

Lease 04-2022 Apr 07, 2022 Other 2,373.00 2,373.00 - -
2512 Apr 07, 2022 Payment -2,373.00 -2,373.00 - -

Total outstanding: - - - -

Total unpaid invoices: 8,370.39 3,456.26 4,914.13 -

Total prepayments/prepaid orders: - - - -

Total outstanding: 8,370.39 3,456.26 4,914.13 -

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Vendor Aged Detail As at Apr 15, 2022

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Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Purchases Journal Apr 01, 2022 to Apr 15, 2022

Account Number Account Description Debits Credits

Apr 06, 2022 J1 996, Thompson Toy Makers
1310 Toys and Parts Inventory 300.00 -
2560 HST Paid On Purchases 39.00 -
2200 Accounts Payable - 339.00

Apr 06, 2022 J2 4556, NAS Business Forms

1330 Prepaid Office Supplies etc. 300.00 -
2560 HST Paid On Purchases 39.00 -
2200 Accounts Payable - 339.00

Apr 01, 2022 J4 PHMar31, Metro Phone Co.

2560 HST Paid On Purchases 45.76 -
5450 Telephone Expense 352.00 -
2200 Accounts Payable - 397.76

Apr 01, 2022 J5 1693, Markham Toy Manufacturing

1310 Toys and Parts Inventory 572.80 -
2560 HST Paid On Purchases 74.46 -
2200 Accounts Payable - 647.26

Apr 07, 2022 J8 1693Rt CM265, Markham Toy Manufacturing

2200 Accounts Payable 210.36 -
1310 Toys and Parts Inventory - 186.16
2560 HST Paid On Purchases - 24.20

Apr 07, 2022 J9 6198Ret, Lanting Speciality Toys

2200 Accounts Payable 339.00 -
1310 Toys and Parts Inventory - 300.00
2560 HST Paid On Purchases - 39.00
2,272.38 2,272.38

Printed On: Dec 14, 2022

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Tyson's Toys-PI-3A, Jamal Kessab
Payments Journal Apr 01, 2022 to Apr 15, 2022

Account Number Account Description Debits Credits

Apr 07, 2022 J7 2512, Willowdale Mall Ltd.: Mall rent for Apr at 93 Betty Ann Drive
2560 HST Paid On Purchases 273.00 -
5310 Rent Expense 2,100.00 -
1010 Bank Chequing Account - 2,373.00

Apr 07, 2022 J10 2513, Lanting Speciality Toys

2200 Accounts Payable 718.68 -
1010 Bank Chequing Account - 718.68

Apr 15, 2022 J11 2514, Thompson Toy Makers

2200 Accounts Payable 2,751.55 -
1010 Bank Chequing Account - 2,745.55
5080 Purchase Discounts - 6.00
5,843.23 5,843.23

Printed On: Dec 14, 2022