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Unformatted text preview: The Bon Vivant Barbecue Company Audit Case WEB DOCUMENTS 1st Edition Bryan K. Parker, CA, CPA, MBA School of Business British Columbia Institute of Technology Bon Vivant Working Trial Balance for the year ended March 31, 2007 a/c # a/c Description Mar. 31,06 WP Per Books Adj. Audit Adjustment Audit Reclass & Grouping TB-1 Audited Ref Mar. 31, 2007 # Debit Credit Mar. 31, 07 Financials Assets Nearest $ 101 Cash - First Canadian Bank 158,037.66 B-1 64,830.77 102 Cash - Great Northern Bank 1,126.22 B-3 2,154.88 103 Petty cash 1,000.00 B-5 1,000.00 104 Investments: trading 176,912.67 D-1 215,745.00 105 Investments: available-for-sale 69,050.00 D-2 64,200.00 106 Accounts receivable - trade 514,633.64 C-11 553,948.16 107 Allowance for doubtful accounts-34,531.87 C-22-33,258.16 108 Other receivables 6,746.71 F-3 1,000.00 109 Inventory 521,767.58 E-1 558,719.51 115 Allowance for market valuation 0.00 120 Prepaid Insurance 39,728.85 F-1 26,976.60 130 Future tax asset-current 10,769.36 F-4 10,769.36 Deferred compensation cost - current 200 Land 447,723.00 H-1 447,723.00 205 Buildings - office 336,429.00 H-1 336,429.00 206 Accumulated amortization: office-127,437.87 H-1-135,848.60 210 Buildings - warehouse 1,700,000.00 H-1 1,976,000.00 211 Accumulated amortization: ware-773,901.98 H-1-835,168.98 212 Delivery Trucks 93,486.21 H-1 93,486.21 213 Accum. amortization: delivery trucks-70,114.65 H-1-93,486.21 215 Furniture and Computers 57,572.45 H-1 57,572.45 216 Accumulated amortization: furniture-30,483.57 H-1-41,998.06 220 Equipment: capital lease 199,191.00 J-1 199,191.00 221 Accum. amortization: lease equip.-76,610.00 J-1-91,932.00 230 Deferred Pension Cost 37,838.00 L-1 107,838.00 235 Deferred compensation costs 48,261.00 F-5 32,174.00 Bon Vivant a/c Description Mar. 31,06 WP Per Books Adj. Audit Adjustment Audit Reclass & Grouping TB-2 a/c # Audited Ref Mar. 31, 2007 # Debit Credit Mar. 31, 07 Financials Liabilities 300 Accounts payable: trade-227,984.76 K-1-243,133.99 305 Accrued liabilities-79,181.26 K-2-57,671.84 311 Bank credit line B-6 310 Accrued payroll -10,384.00 K-5-10,579.00 315 Accrued payroll liabilities -5,591.00 K-5-5,696.00 320 Accrued interest payable-6,896.00 J-1-6,248.00 321 Accrued property taxes-4,500.00 K-5-5,158.00 323 Est. extended warranty program -57,837.60 K-6-47,928.70 325 GST payable, net-35,451.82 K-7-37,321.85 330 Dividends payable-25,000.00 K-7-10,000.00 335 Income taxes payable-19,095.39 L-4 15,904.61 Lease liability - current 345 Lease liability-86,199.00 J-1-78,095.00 350 Bonds payable-100,000.00 M-1-100,000.00 355 Unamort. discount on bonds payable 2,577.00 M-1 1,783.00 360 Future tax liability: non-current-51,179.50 L-4-51,179.50 Equity 400 Common stock-1,000,000.00-1,000,000.00 410 Stock options-64,348.00 F-5-64,348.00 500 Accum. other comp. income (loss)-5,517.57 600 Retained earnings-1,382,579.86-1,530,604.51 605 Dividends 50,000.00 K-7 75,000.00 a/c # a/c Description Mar. 31,06 WP Per Books Adj. Audit Adjustment Audit...
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This note was uploaded on 05/09/2011 for the course RSM 323 taught by Professor Lisaharvey during the Spring '11 term at University of Toronto.

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BonVivantWebDocs - The Bon Vivant Barbecue Company Audit...

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