Accounting Case exercise Notes: X indicates 2 Done in excel please due July 10th
Carol Yang just graduated and went back to home to Calgary to look for a fulltime job. Living at home saves a lot of money. Her parents said she can live at home free for one year after she starts her full-time job. The next day Carole walked to the Crowfoot Crossings Mall and dropped into the “KickButt Coffee Shoppes” located in the outside corner of the Food Court, where she has worked part time as a barista and assistant manager during high school and the summers while attending York University. She wanted to talk to her old friends and catch up with the local gossip.
“KickButt Coffee Shoppes” have over 40 locations in Alberta and in British Columbia ski areas, which are owned by Michael Butt and his sister Sarah. The Butt family are well known in Alberta since they support children’s hospital charities in Calgary, Edmonton and overseas in Colombia. It all dates back to 1965 when Dr. Michael Butt Sr. (Michael’s father) was doing his pediatrician internship in Salento Colombia. Salento is a small village 260 km south of Medellin in the centre of the Colombia’s Coffee triangle and the Rain Forest.
Since 1967 Dr. Butt spends two months a year working at the hospital that he and fellow doctors created. The patients at this hospital don’t have to pay, since the doctors are donating their time. Over the years people in the region started donating to the hospital bags of high-quality coffee beans for payment. Mrs. Samantha Butt (Michaels mother) who also donated her time at the hospital had an idea, to start a coffee shop in Calgary to use some of these coffee beans and donate some of the profits back to the hospital and other charities. So, in 1968 “KickButt Coffee Shoppes” was born. The business expanded to the point that they were the major exporter of Fair-Trade Organic coffee from this region, coffee roaster and own a large trucking fleet in Colombia and Canada. The business employed over 800 people and is very profitable in 2015, they donated over $25 million dollars to the charities they supported. The coffee business was growing too fast and large for Samantha Butt to operate and she placed her children Michael and Sarah into senior management positions of the company.
After almost 50 years in business Michael and Sarah are thinking of expanding the number of coffee shops by franchising.
At the coffee shop Carol ran into Michael, he congratulated her on her degree. He asked her what she planned on doing now and her future dreams and goals since she was looking for fulltime employment. One of Carols dreams was someday owning her own business since she has a wide background in Accounting and Marketing. Michael had asked her if she owned a “KickButt Coffee Shoppes” what she would do. Since Carol worked as a coffee roaster and barista the pass couple of years, she had a very good knowledge of coffee blending. She told Michael that at York she purchased raw coffee beans and roasted them herself. It was so easy, even her roommates learn how to roast and created different blend of coffees. Some of the ideas Carol came up with are:
1) Introduce a KickButt Loyalty program,
2) Create a gift card program so customers can buy them and give out as gifts,
3) Introduce Breakfast Sandwiches,
4) Add baked goods such as Croissant’s and Donuts,
5) Blended Frozen Fruit Drinks,
6) Introduce one-hour coffee education workshops where customers pay $15 per session in advance and receive a $10 Gift Card when completed. Types of training can include:
A). How to roast your own coffee (DIY – Do it Yourself),
B). How to create your own coffee blends,
C). Cooking with coffee,
An added benefit of these workshops is that “KickButt Coffee Shoppes” would sell all of the materials needed that they used in the workshops for home use.
“These ideas sound very good and we should try implementing them if we can, since some of the mall locations have restrictions as to what we can sell and do”, Michael replied with interest. Carol ask Michael for an example. “Take McDonalds in this mall, since KickButt Coffee Shoppes main business is selling coffee, we stopped McDonalds in this mall from selling their specialty coffees and dark roasted coffee”, this has helped in many ways since we are the only game in town, the mall patrons come to us for the speciality coffees and not McDonalds, answered Michael.
After talking most of the afternoon, Michael had a plan and asked if Carol can have an official meeting with him and his sister the next day. Carol happily agrees and could not help thinking about what Michael and Sarah would offer.
The next day Carol met with Sarah and Michael. Sarah started by talking about her fond memories about the time spent together with Carol in the past nine years and referred to Carol as dear as her daughter. Then she proposed the following offer: “Since Michael and I have decided to start franchising the KickButt Coffee Shoppes, we would like you to be our very first franchisee, if you wish. We offer to wave all the financial requirements, including a start-up license fee of $550,000, 10-year license to use our brand name and a $35,000 line of credit to cover starting costs and any additional expenses. Carol’s business would pay back the line of credit and interest over time once the business starts making a profit.
Carols jaw dropped – she can’t believe what has happened.
Michael continued to offer:” And that’s not all! To make your start easier, we are not giving you a new location; instead, we are giving you an existing location. The location will be this one – Crowfoot Crossings. You can start tomorrow to learn the procedures, details in our head office, and the location will be yours starting May 1st two weeks from this Friday after ownership transfer documents are properly completed.
Sarah stepped in and said that Michael was so excited about this they he didn’t wait for your reply. So, what is it?
Carol said of course “Yes, I can’t hardly wait to tell my parents”.
During the two weeks at Head Office the following details about the transfer were covered,
1) The Point of Sales terminals (POS) will be used and connected to the Head Office computer system recording all sales, credit card processing, employee payroll, inventory tracking and replenishment. This will save a lot of time of the owner of the franchise and Carol will pay a service fee for the use of it.
2) Credit card processing fees 4% of total credit card sales, to deposit and process the credit card sales. The Credit Card sales will automatically be posted deposited to the stores Bank Account at the end of the week less the processing fees.
3) Payroll processing fees-2.X% of the gross payroll amount, to process all deductions, taxes, health tax, vacation pay, T4’s, data input, and any other deductions. The ownership has changed in the middle of the two-week employee pay cycle, so existing employees will be getting two pay cheques, one for working for KickButt Coffee Shoppes from April 25th to 30th and the second paycheque for working for Carol from May 1st to 8th. These paycheques will be paid on May 15th, the date of the employee’s regular pay period. This system will also handle employee expense account payments and deductions. The second payroll for the employees working for Carol will be on May 29th for working hours from May 9th to May 22.
4) The KickButt Coffee Shoppes automatic inventory replenishment system is amazing. It forecasts inventory requirements based on store’s past and current sales and knows what has been used (it also calculates the Cost of Goods Sold) and will predict the number of stir sticks to be used in the next 5 days. Carol will have to do a physical inventory at the end of every month. The system will automatically order the required coffee supplies based on its estimates and the store will be invoiced when items are received, payable in 10 days after the receipt of the invoice. The inventory is tracked in three categories: coffee products, dairy products and supplies (including cups, lids, stir sticks), which make it easy to control and account for.
5) KickButt Coffee Shoppes monthly Royalty fee of 5.X% of gross sales to be paid on the first day of the following month during the term of the license,
6) KickButt Coffee Shoppes monthly Corporate Advertising levy of 2.X% and a monthly 2.X% Management fee, both based on gross sales for the month, to be paid on the first day of the following month during the term of the license,
7) Monthly Donation to the KickButt Charities of 5% of gross sales, to be paid on the first day of the following month for the term of the License to KickButt Coffee Shoppes.
8) The passing of the all inventory and store fixtures and equipment will be transferred at Book Value to Carol even though the market value for the fixtures and equipment are worth a lot more. The transfer of these assets will be charged against her line of credit.
9) KickButt Coffee Shoppes will do the legal work for Carol to set up her franchise as a corporation starting May 1st, set up the employer identification number, open all business bank accounts required, and obtain HST numbers. The legal work will be done free of charge by KickButt Coffee Shoppes’ legal department and Carol will just have to pay the related fees of the above set-ups. These fees totaled $3,X00 and will be charged to the line of credit account.
10) Carol will be present for the inventory count the night of April 30th and given the keys of the store once she agrees to the value of the inventory and the value of the equipment. An Invoice will be sent to Carol’s company to transfer ownership and the amount will be charged to Carol’s line of credit account.
11) Another invoice will be sent to Carol’s company for any prepaid expenses that KickButt Coffee Shoppes’ have prepaid for this location. Ownership of all prepaid items will be transferred to Carol’s new company as of May 1st. The value of these prepaid items will be charged to the Line of credit.
12) The location in the Food court has a 10-year lease dated December 1st three years ago and requires prepaying four months of rent on December, April and August. The rent for the locations is $2,X00 per month for the mall location.
13) The mall receives a 5% of gross sales to be paid the first day of the month for last month’s sales as per the terms of the lease.
14). Carol purchased her Computer and Printer from Best Buy 16 months ago on sale. The computer regular price was $1,X00.00 and the Printer was $6X0.00, the sale price was savings of $700.00 of the regular price if you purchased the two together. The Computer and Printer has an Economic Life of four years. This equipment will be given to the corporation at the book value for her equity in the company.
15). Carol’s Cellphone Bell Canada $85.00 per month on a two-year contract, due the first of the month. The phone will be used for the business so that employees, and suppliers can contact her , the phone will be paid monthly on the billing date by the company.
16). In lieu of a salary Carol will be taking out a Monthly Dividend of $1,X00.00 which will be paid out at the end of the month. Dividends will be declared on the 15th of the month. At the end of each fiscal year Carol will then take out a Dividend of 35% of after-tax profit the balance will then go back into Retained Earnings.
Transactions for the month of May.
May 1st - Carol placed $X,000 of her own money into the bank account that was opened to start the business for 100% ownership of the Corporation.
May 1st – received the following invoices from KickButt Coffee Shoppes charged to the Line of Credit. Invoice numbers 201912697, and 201912721 – details listed below
Invoice #1 for Transfer of Equipment and Supplies May 1st:
| Items & Inventory | Net Book Value | Remaining Economic Life | Market value |
| Coffee | $ 1,850.00 |
| $ 1,850.00 |
| Supplies Cups etc. | $ 565.00 |
| $ 565.00 |
| Dairy Products | $ 125.00 |
| $ 125.00 |
| Coffee Roaster | $ 3,200.00 | 32 months | $ 4,480.00 |
| 2 Point of Sale Registers | $ 4,400.00 | 44 months | $ 6,600.00 |
| Corporation Fee for POS | $ 300.00 |
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| Coffee Grinder | $ 1,200.00 | 24 months | $ 2,160.00 |
| Floor Safe | $ 2,200.00 | 44 months | $ 4,400.00 |
| 2 Scales | $ 200.00 | 40 months | $ 400.00 |
| Cash (register float) | $ 200.00 |
| $ 200.00 |
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| Total | $ 14,240.00 |
| $ 20,780.00 |
Invoice #2 - for Prepaid items: Charged to the Line of Credit May 1st.
| Prepaid Expenses | Amount | Number of Remaining Months |
| Insurance | $2,100.00 | |
| Phone Bell Canada | $75.00 | |
| Internet Bell Canada | $35.00 | |
| Mall Association Membership | $60.00 | |
| Mall Rent | $2,X00 times 3 |
May 3 - Recording of Sales from May 1 to May 3. Total sales $10,640.00, with the following breakdown: Cash sales of $ 4,256.00, Credit Card sales of $6,384.00.
May 4th - Artwork and Flyers with coupons – 1,000 sheets printed with no expiry dates, paid in cash $X50.00
May 4th – Mall signage - 2 sandwich board signs, one to be placed just outside of the store and another one is used to reserve tables in the Food Court of the mall for KickButt Coffee customers, $X00 for each sign and will have to be replaced in two years. This was paid in full by cash.
May 5th – The Coffee Roasters Carol received with the handover of the business was for low volume, so Carol decided to buy new ones. Purchased on account from Small Batch Coffee Roasters, and received two Coffee Roasters $6,X00 each, 10 years’ economic life with zero salvage value, full balance due in 30 days.
May 6th – Received automatic shipment of supplies from KickButt Coffee Shoppes: Coffee $1,305.00, Dairy $679.00, Supplies $286.00. Total amount of $2,270.00 to be paid in full 10 days.
May 10th - Recorded Sales from May 4 to May 10. Total sales $21,785.60, with the following breakdown: Cash sales of $ 8,714.24, Credit Card sales of $13,071.36.
May 11th – Received automatic shipment of supplies from KickButt Coffee Shoppes: Coffee $1,465.00, Dairy $785.00, Supplies $318.00. The total amount of $2,568.00 to be paid in full 10 days.
May 15th - Paid payroll expense for employee wages for May 1 to May 8 of $4,7X0.00 plus the processing fee.
May 15th - KickButt Coffee Shoppes Crowfoot Crossings pays $8X0 to sponsor Carol’s younger sister Jennifer’s soccer team. Carol wrote a cheque to the soccer club and the club agrees to place Carol’s store logo on the teams Jersey.
May 16th Received automatic shipment of supplies: Coffee $1,629.00, Dairy $882.00, Supplies $349.00, total $2,860.00 to be paid full in 10 days.
May 17th Record Sales from May 11 to May 17. Total sales $21,985.40, with the following breakdown: Cash sales of $ 8,794.16, Credit Card sales of $13,191.24.
May 20th sent out 400 sheets of the flyers – Carol give $1X5 Cash for her bother to deliver them in the neighborhood homes around the Crowfoot Crossing Mall. All are distributed by May 31st.
May 21st Received automatic shipment of supplies from KickButt Coffee Shoppes: Coffee $1,589.00, Dairy $868.00, Supplies $385.00, total of $2,842.00 to be paid full in 10 days.
May 24th Recorded Sales from May 18 to May 24. Total sales $23,413.50, with the following breakdown: Cash sales of $ 9,365.40, Credit Card sales of $14,048.10.
May 25th Corporation announces that a $1,X00.00 Dividend will be paid on May 31, 2019 to be divided evenly to all of its shareholders on record May 29th, 2019.
May 28th - Received automatic shipment of supplies from KickButt Coffee Shoppes: Coffee $1,753.00, Dairy $804.00, Supplies $409.00, total of $2,966.00 to be paid full in 10 days.
May 28th Received from the city of Calgary one bill for Water and electricity for May for $2X5.00 to be paid in 15 days.
May 29th Carol makes payment of student loan for University $X50.00 from her personnel bank account.
May 29th Paid payroll expense for May 9 to May 22 for $7,8X0.00 plus the processing fee.
May 31st Received an invoice from the Crowfoot Crossings Mall Association for one-year membership for $120.00, payment due June 15th 2019.
May 31st Record Sales from May 25 to May 31. Total sales $22,846.30, with the following breakdown: Cash sales of $ 9,138.52, Credit Card sales of $13,707.78.
May 31st received June telephone bill for $75.00 and internet services for $35.00 from Bell Canada. Payment due June 14th.
May 31st after closing the store while Carol is at home, she received an email detailing the Cost of Goods Sold from Kick Butt Coffee Shoppes Automatic reordering system and wages to employees to be paid from May 23 to May 31st.
May 31st made payment to Line of Credit account of $2,X00.00 Interest for the Line of Credit for the month of May was $7X.56.
May 31st additional information – inventory was accounted for at midnight - email
| Purchase Category | Cost of Goods Sold |
| Coffee Products | $8,116.00 |
| Dairy Products | $4,133.00 |
| Supplies | $1,787.00 |
| Total | $14,036.00 |
Email was sent from KickButt Coffee Shoppes stating the amount of the accrual Payroll, employee wages from May 23 to May 31 to be paid June 11. $5,2X0.00, plus the processing fee.
All bills – Invoices have been paid on time, Carol knows that is was bad not to pay local business on time since the Calgary North-West Business Community knows everything of what is happening and doesn’t want to affect her parent’s reputation.
On the morning of June 1st Carol gave to her accountant all of the invoices, receipts, deposit slips and all other information she has to her accountant. While talking to the accountant Carol said that she voided cheque number 2.
Required: Prepare the accounting records for Carol’s Kick Butt Coffee Shoppes
Note: this task is based on the analysis of very extensive narrative and detailed project documents. The next pages have all the documents that Carol Yang brought to you, the accountant, in a shoebox so you can prepare the financial statements of his company (use 2 decimal places, if needed round up the figures to the next cent). Students with the last digit being 0 (zero), must use 7 as if it were the last digit for all transactions in this part C of the term project.
Check and use the Chart of Accounts provided (do not create new accounts).
Prepare the General Journal for the month (all journal entries including AJE). Prepare Closing Entries for the month of May to continue with business in the month of June as the next period.
Post all transactions to the T-accounts and prepare a trial balance. Show a detailed balance of each of these accounts for the first month of operations (end of Month),
Prepare the Financial Statements in good form 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.
Each General Journal entry should have a brief explanation under.
Based on all the information provided in this project, prepare a memo to Carol Yang where you as a professional accountant evaluate the business. Specifically address his concerns:
The monthly dividends being paid will be more or less than the annual 35% expected?
With the data of the financial statements that you have completed, is the business sustainable?
Make one clear and executable suggestions of how the business owner can have a tighter control of cash sales?
Submission specific guidelines are provided by your course and professor. Make sure to follow them.
Required:
Prepare journal entries and “T” Accounts in Accrual Basis for this case using the following chart of accounts and then answer the questions.
Assets
| Accounts Receivables Accumulated Depreciation Coffee Grinder Accumulated Depreciation Coffee Roaster Accumulated Depreciation Computer Accumulated Depreciation Floor Safe Accumulated Depreciation POS Accumulated Depreciation Scales Accumulated Depreciation Signs Service Supplies (Cups, Straws, etc.) Prepaid Mall Association Membership Prepaid Corporation Fee for POS | Cash Coffee Grinder Coffee Roaster Coffee Supplies Computer Dairy Products Floor Safe Scales Signs
| Organizational Costs Phone and Internet Point of Sales Registers Prepaid Insurance Prepaid Internet Prepaid Mall rent Prepaid Phone Prepaid Promotion Utilities Expense |
Liabilities and OE
| Corporate Advertising fee payable Corporate Donation Payable Corporate Management fee payable Salaries and Wages Payable | Accounts Payable Interest Payable Loan Payable Utilities Payable Royalty payable | Coffee Roaster Payable Mall usage fee Payable Phone and Internet Payable Shareholders’ Equity Dividends |
Temporary Accounts
| Advertising Expenses Cash Register Float Corporate Advertising fee Corporate Donation Expense Corporate Management fee Corporation Fee Cost of Goods Sold Credit Card Processing Fee Revenue Royalty fee expense | Depreciation Expense Coffee Grinder Depreciation Expense Coffee Roaster Depreciation Expense Computer Depreciation Expense Floor Safe Depreciation Expense POS Depreciation Expense Scales Depreciation Expense Signs Mall Association Dues Expense Salaries and Wages Expense |
Internet Expense Insurance Expense Interest Expense Mall Rent Expense Mall usage fee Expense Phone Expense Processing Fee - Salaries Promotion Expenses Utility Expenses |
Invoices
| Kick Butt Coffee |
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| 120 Main Street | 406-555-1212 | | ||||||||||||||||||||||
| Calgary Alberta | 406-555-1213 | Website | ||||||||||||||||||||||
| Bill To: | Kick Butt Coffee Store # 245 | Phone: | Invoice #:201912697 | |||||||||||||||||||||
| Address: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall - Food Court | Fax: | Invoice Date: May 1, 2019 | |||||||||||||||||||||
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| Invoice For: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall #245 |
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| Item # | Description | Qty | Unit Price | Price |
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| Coffee packs | 1850 | $ 1.00 | $ 1,850.00 |
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| Supplies Cups etc | $ 565.00 | $ 565.00 |
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| Dairy Products - creamers milk etc | $ 125.00 | $ 125.00 |
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| Coffee Roaster - Remaining **Economic Life 32 months Market Value $4,480 | $ 3,200.00 | $ 3,200.00 |
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| Point of Sale Registers Remaining ** Economic Life 44 months Market Value $6,600 | $ 2,200.00 | $ 4,400.00 |
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| Corporation Fess for POS - Business Number | $ 300.00 | $ 300.00 |
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| Coffee Grinder - Remaining **Economic Life 24 months Market Value $2,160 | $ 1,200.00 | $ 1,200.00 |
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| Floor Safe Remaining **Economic Life 44 Months Market Value $4,400 | $ 2,200.00 | $ 2,200.00 |
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| Coffee Scales Remaining ** Economic Life 40 months Market Value $200 each | $ 100.00 | $ 200.00 |
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| Cash (Register Float) | $ 200.00 | $ 200.00 |
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| ** Economic Life is stated as to the remaining life of the asset |
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| Full amount of this Invoice has been Credited to Carol Yang Kick Butt Line of Credit |
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| Paid by LoC | Invoice Subtotal | $14,240.00 |
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| Make all cheques payable to Kick Butt Coffee Shoppes. | Deposit Received |
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| Total due in 10 days. Overdue accounts subject to a service charge of 2% per month. | TOTAL | $ 14,240.00 |
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| Kick Butt Coffee |
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| 120 Main Street | 406-555-1212 | | ||||||||||||||||
| Calgary Alberta | 406-555-1213 | Website | ||||||||||||||||
| Bill To: | Kick Butt Coffee Store # 245 | Phone: | Invoice #:201912721 | |||||||||||||||
| Address: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall - Food Court | Fax: | Invoice Date: May 1, 2019 | |||||||||||||||
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| Invoice For: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall #245 |
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| Insurance - six Months remaining | $ 2,100.00 |
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| Bell Canada Phone - for May | $ 75.00 |
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| Bell Canada Internet - for May | $ 35.00 |
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| Mall Association Membership fess for 6 months (May 1st to October 31st, 2019) | $ 60.00 |
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| Mall Rent for three months (3 times $2,X00.00) | 3*$2,X00.00 |
| 3*$2,X00.00 | ||||||||||||||
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| Full amount of this Invoice has been Credited to Carol Yang Kick Butt Line of Credit |
| Paid BY LoC |
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| Make all checks payable to Kick Butt Coffee Shoppes. | Deposit Received |
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| Total due in 10 days. Overdue accounts subject to a service charge of 2% per month. | TOTAL | $ - | ||||||||||||||||
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| Kick Butt Coffee |
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| 120 Main Street | 406-555-1212 | | ||||||||||||||||||
| Calgary Alberta | 406-555-1213 | Website | ||||||||||||||||||
| Bill To: | Kick Butt Coffee Store # 245 | Phone: | Invoice #:201912725 | |||||||||||||||||
| Address: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall - Food Court | Fax: | Invoice Date: May 1, 2019 | |||||||||||||||||
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| Invoice For: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall #245 |
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| All setup and Registration fees paid by Kick Butt Coffee Shoppes for Store #245 |
| $3,X00.00 |
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| Legal Fees paid by Kick Butt Coffee Shoppes |
| $ - |
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| Full amount of this Invoice has been Credited to Carol Yang Kick Butt Line of Credit |
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| Invoice Subtotal | $3,X00.00 | |||||||||||||||
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| Make all checks payable to Kick Butt Coffee Shoppes. | Deposit Received |
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| Total due in 10 days. Overdue accounts subject to a service charge of 2% per month. | TOTAL | $3,X00.00 | ||||||||||||||||||
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| Kick Butt Coffee |
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| 120 Main Street | 406-555-1212 | | |||||||||||||||||||||
| Calgary Alberta | 406-555-1213 | Website | |||||||||||||||||||||
| Bill To: | Kick Butt Coffee Store # 245 | Phone: | Invoice #:201912765 | ||||||||||||||||||||
| Address: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall - Food Court | Fax: | Invoice Date: May 6, 2019 | ||||||||||||||||||||
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| Invoice For: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall #245 |
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| Item # | Description | Qty | Unit Price | Discount | Price | ||||||||||||||||||
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| Coffee | $ 1,305.00 |
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| Dairy | $ 679.00 |
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| Supplies | $ 286.00 | Paid with Cheque # 3 | $ 286.00 | |||||||||||||||||||
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| Invoice Subtotal | $ 2,270.00 | ||||||||||||||||||
|
|
|
|
| Tax Rate |
| ||||||||||||||||||
|
|
|
|
| Sales Tax | $ - | ||||||||||||||||||
|
|
|
|
| Other |
| ||||||||||||||||||
| Make all checks payable to Kick Butt Coffee Shoppes. | Deposit Received |
| |||||||||||||||||||||
| Total due in 10 days. Overdue accounts subject to a service charge of 2% per month. | TOTAL | $ 2,270.00 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
| Kick Butt Coffee |
|
|
| ||||||||
| 120 Main Street | 406-555-1212 | | |||||||||
| Calgary Alberta | 406-555-1213 | Website | |||||||||
| Bill To: | Kick Butt Coffee Store # 245 | Phone: | Invoice #:201912798 | ||||||||
| Address: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall - Food Court | Fax: | Invoice Date: May 11, 2019 | ||||||||
| Email: |
|
| |||||||||
| Invoice For: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall #245 |
|
|
|
| ||||||
| Item # | Description | Qty | Unit Price | Discount | Price | ||||||
|
| Coffee | $ 1,465.00 |
| $ 1,465.00 | |||||||
|
| Dairy | $ 785.00 |
| $ 785.00 | |||||||
|
| Supplies | $ 318.00 | Paid with Cheque # 4 | $ 318.00 | |||||||
|
|
|
|
| Invoice Subtotal | $ 2,568.00 | ||||||
|
|
|
|
| Tax Rate |
| ||||||
|
|
|
|
| Sales Tax | $ - | ||||||
|
|
|
|
| Other |
| ||||||
| Make all checks payable to Kick Butt Coffee Shoppes. | Deposit Received |
| |||||||||
| Total due in 10 days. Overdue accounts subject to a service charge of 2% per month. | TOTAL | $ 2,568.00 | |||||||||
|
|
|
|
|
|
|
|
| ||||
| Kick Butt Coffee |
|
|
| |||||||||||
| 120 Main Street | 406-555-1212 | | ||||||||||||
| Calgary Alberta | 406-555-1213 | Website | ||||||||||||
| Bill To: | Kick Butt Coffee Store # 245 | Phone: | Invoice #:201912815 | |||||||||||
| Address: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall - Food Court | Fax: | Invoice Date: May 16, 2019 | |||||||||||
| Email: |
|
| ||||||||||||
| Invoice For: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall #245 |
|
|
|
| |||||||||
| Item # | Description | Qty | Unit Price | Discount | Price | |||||||||
|
| Coffee | $ 1,629.00 |
| $ 1,629.00 | ||||||||||
|
| Dairy | $ 882.00 |
| $ 882.00 | ||||||||||
|
| Supplies | $ 349.00 | Paid with Cheque # 6 | $ 349.00 | ||||||||||
|
|
|
|
| Invoice Subtotal | $ 2,860.00 | |||||||||
|
|
|
|
| Tax Rate |
| |||||||||
|
|
|
|
| Sales Tax | $ - | |||||||||
|
|
|
|
| Other |
| |||||||||
| Make all checks payable to Kick Butt Coffee Shoppes. | Deposit Received |
| ||||||||||||
| Total due in 10 days. Overdue accounts subject to a service charge of 2% per month. | TOTAL | $ 2,860.00 | ||||||||||||
|
|
|
|
|
|
|
|
| |||||||
| Kick Butt Coffee |
|
|
| ||||||||||||||||
| 120 Main Street | 406-555-1212 | | |||||||||||||||||
| Calgary Alberta | 406-555-1213 | Website | |||||||||||||||||
| Bill To: | Kick Butt Coffee Store # 245 | Phone: | Invoice #:201912865 | ||||||||||||||||
| Address: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall - Food Court | Fax: | Invoice Date: May 21, 2019 | ||||||||||||||||
| Email: |
|
| |||||||||||||||||
| Invoice For: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall #245 |
|
|
|
| ||||||||||||||
| Item # | Description | Qty | Unit Price | Discount | Price | ||||||||||||||
|
| Coffee | $ 1,589.00 |
| $ 1,589.00 | |||||||||||||||
|
| Dairy | $ 868.00 |
| $ 868.00 | |||||||||||||||
|
| Supplies | $ 385.00 | Paid with Cheque # 7 | $ 385.00 | |||||||||||||||
|
|
|
|
| Invoice Subtotal | $ 2,842.00 | ||||||||||||||
|
|
|
|
| Tax Rate |
| ||||||||||||||
|
|
|
|
| Sales Tax | $ - | ||||||||||||||
|
|
|
|
| Other |
| ||||||||||||||
| Make all checks payable to Kick Butt Coffee Shoppes. | Deposit Received |
| |||||||||||||||||
| Total due in 10 days. Overdue accounts subject to a service charge of 2% per month. | TOTAL | $ 2,842.00 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
| Kick Butt Coffee |
|
|
|
| |||||||||||||||||
| 120 Main Street | 406-555-1212 | |
| ||||||||||||||||||
| Calgary Alberta | 406-555-1213 | Website |
| ||||||||||||||||||
| Bill To: | Kick Butt Coffee Store # 245 | Phone: | Invoice #:201912922 |
| |||||||||||||||||
| Address: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall - Food Court | Fax: | Invoice Date: May 28, 2019 |
| |||||||||||||||||
| Email: |
|
|
| ||||||||||||||||||
| Invoice For: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall #245 |
|
|
| |||||||||||||||||
| Item # | Description | Qty | Unit Price | Discount | Price |
| |||||||||||||||
|
| Coffee | $ 1,753.00 |
| $ 1,753.00 |
| ||||||||||||||||
|
| Dairy | $ 804.00 |
| $ 804.00 |
| ||||||||||||||||
|
| Supplies | $ 409.00 |
| $ 409.00 |
| ||||||||||||||||
|
|
|
|
|
| $ - |
| |||||||||||||||
|
|
|
|
| Invoice Subtotal | $ 2,966.00 |
| |||||||||||||||
|
|
|
|
| Tax Rate |
|
| |||||||||||||||
|
|
|
|
| Sales Tax | $ - |
| |||||||||||||||
|
|
|
|
| Other |
|
| |||||||||||||||
| Make all checks payable to Kick Butt Coffee Shoppes. | Deposit Received |
|
| ||||||||||||||||||
| Total due in 10 days. Overdue accounts subject to a service charge of 2% per month. | TOTAL | $ 2,966.00 |
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
| Kick Butt Coffee |
|
|
| ||||||||||
| 120 Main Street | 406-555-1212 | | |||||||||||
| Calgary Alberta | 406-555-1213 | Website | |||||||||||
| Bill To: | Kick Butt Coffee Store # 245 | Phone: | Invoice #:Statement of Cost of Goods | ||||||||||
| Address: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall - Food Court | Fax: | Invoice Date: |
| |||||||||
| Email: |
|
| |||||||||||
| Invoice For: | Kick Butt Coffee Shoppes Crowfoot Crossing Mall #245 |
|
|
|
| ||||||||
| Item # | Description | Qty | Unit Price | Discount | Price | ||||||||
|
| Coffee Products Used | $ 8,116.00 |
| $ 8,116.00 | |||||||||
|
| Dairy Products Used | $ 4,133.00 |
| $ 4,133.00 | |||||||||
|
| Supplies Used | $ 1,787.00 |
| $ 1,787.00 | |||||||||
|
|
|
|
|
| $ - | ||||||||
|
|
|
|
| Invoice Subtotal | $ 14,036.00 | ||||||||
|
|
|
|
| Tax Rate |
| ||||||||
|
|
|
|
| Sales Tax | $ - | ||||||||
|
|
|
|
| Other |
| ||||||||
| Make all checks payable to Kick Butt Coffee Shoppes. | Deposit Received |
| |||||||||||
| Total due in 10 days. Overdue accounts subject to a service charge of 2% per month. | TOTAL | $ 14,036.00 | |||||||||||
|
|
|
|
|
|
|
|
| ||||||
| INVOICE | 1905 |
|
| ||
| 2019-05-04 | $X50.00 | ||||
| PAYMENT DUE BY: | COD |
| |||
| Carol Yang |
| Diamond Printing v | |||
| Kick Butt Coffee Shoppes | Paid with Cheque # 1 | 23456 Maple Street | |||
| Crossfoot Mall |
| Calgary Alberta | |||
| Calgary Alberta |
|
|
| ||
| QUANTITY | DETAILS | UNIT PRICE | LINE TOTAL | ||
| 1,000 flyers and Artwork Printed with no Expiry Date | $X50.00 | $X50.00 | |||
| Discount |
| ||||
| Net Total | $ - | ||||
| Tax |
| ||||
|
| $X50.00 | ||||
| PAYMENT DETAILS | COD |
|
| ||
|
| |||||
| INVOICE | 1975 |
|
| ||
| 2019-05-04 |
| ||||
| PAYMENT DUE BY: | COD |
| |||
| Carol Yang | Paid with Cash | Diamond Printing Services | |||
| Kick Butt Coffee Shoppes |
| 23456 Maple Street | |||
| Crossfoot Mall |
| Calgary Alberta | |||
| Calgary Alberta |
|
|
| ||
| QUANTITY | DETAILS | UNIT PRICE | LINE TOTAL | ||
|
|
|
|
| ||
| 2 | Mall Signage - 2 Sandwich Boards Min Charge | $X00.00 | 2 x $X00.00 | ||
| Net Total | $ - | ||||
|
| 2 x $X00.00 | ||||
| PAYMENT DETAILS | COD |
|
| ||
|
|
|
|
| ||
| INVOICE | 21598 |
|
| ||
|
|
| ||||
| PAYMENT DUE BY: | Net 30 days |
| |||
| Carol Yang |
| Small Batch Coffee Roaters | |||
| Kick Butt Coffee Shoppes |
| 234598 North West St | |||
| Crossfoot Mall |
| Calgary Alberta | |||
| Calgary Alberta |
|
|
| ||
| QUANTITY | DETAILS | UNIT PRICE | LINE TOTAL | ||
| 1 | Coffee Roasters Model Xl345 | $6,X00.00 | $6,X00.00 | ||
| 1 | Coffee Roasters Model Xl345 | $6,X00.00 | $6,X00.00 | ||
| Discount |
| ||||
| Net Total | $ - | ||||
| Tax |
| ||||
|
|
| ||||
| PAYMENT DETAILS | Net 30 Days |
|
| ||
| INVOICE |
|
|
| ||
|
| | ||||
| PAYMENT DUE BY: | Due June 15th 2019 |
| |||
| Carol Yang |
| ATCO Electric | |||
| Kick Butt Coffee Shoppes | Invoice #234567-895 | 5302 Forand Street SW | |||
| Crossfoot Mall |
| Calgary Alberta | |||
| Calgary Alberta |
| Phone: 403-292-7500 | T3E8B4 | ||
| QUANTITY | DETAILS | UNIT PRICE | LINE TOTAL | ||
|
| Water and Electricity - May | $2X5.00 | $2X5.00 | ||
| Net Total | $ - | ||||
|
| $2X5.00 | ||||
| PAYMENT DETAILS | Due 15 days after Billing Date |
|
| ||
|
|
|
|
|
| |
|
| Crossfoot Crossings Mall Association | ||||||
| INVOICE |
|
|
| ||||
| 2019-05-31 | $120.00 | ||||||
| PAYMENT DUE BY: | June 15th 2019 |
| |||||
| Carol Yang |
| Crossfoot Crossings Mall Association | |||||
| Kick Butt Coffee Shoppes |
| 23456 Maple Street | |||||
| Crossfoot Mall |
| Calgary Alberta | |||||
| Calgary Alberta |
|
|
| ||||
| QUANTITY | DETAILS | UNIT PRICE | LINE TOTAL | ||||
|
| New business opened May 1st 2019 – membership of new business May 1st 2019 to April 30th 2020 | $120.00 | $120.00 | ||||
| New Association Membership for 2019/20 | $120.00 | ||||||
| Tax |
| ||||||
|
| $120.00 | ||||||
| PAYMENT DETAILS | Due June 15 2019 |
|
| ||||
|
|
|
|
|
|
| ||
|
Bank of Montreal Crossfoot Mall Branch
|
| Deposit Slip #1 |
| |||||||||||||||
| Receipt for Deposit |
|
|
|
|
| |||||||||||||
| Deposit to Bank Account Kick Butt Coffee Shoppes |
| |||||||||||||||||
| Crossfoot Mall Store Number 245 | 03-May-19 |
| ||||||||||||||||
|
|
|
|
| Amount |
|
|
|
| ||||||||||
|
| Cash |
|
| $ 4,256.00 |
|
|
|
| ||||||||||
|
| Credit Card Receipts | $ 6,384.00 |
|
|
|
| ||||||||||||
|
| Total Deposit | $ 10,640.00 | ** |
|
|
| ||||||||||||
|
|
|
|
|
|
|
|
|
| ||||||||||
|
|
|
|
|
|
|
|
|
| ||||||||||
|
| ** Service Charges Have not been Applied ** |
|
| |||||||||||||||
| Bank of Montreal Crossfoot Mall Branch |
| Deposit slip #2 | ||||||||||||||
| Receipt for Deposit |
|
|
|
| ||||||||||||
| Deposit to Bank Account Kick Butt Coffee Shoppes |
| |||||||||||||||
| Crossfoot Mall Store Number 245 | 10-May-19 |
| ||||||||||||||
|
|
|
|
| Amount |
|
|
| |||||||||
|
| Cash |
|
| $ 8,714.24 |
|
|
| |||||||||
|
| Credit Card Receipt | $ 13,071.36 |
|
|
| |||||||||||
|
| Total Deposit | $ 21,785.60 | ** |
|
| |||||||||||
|
|
|
|
|
|
|
|
| |||||||||
|
|
|
|
|
|
|
|
| |||||||||
|
| ** Service Charges Have not been Applied ** |
|
| |||||||||||||
|
|
|
|
|
|
|
|
| |||||||||
| Bank of Montreal Crossfoot Mall Branch |
| Deposit Slip #3 | ||||||||||||||
| Receipt for Deposit |
|
|
|
| ||||||||||||
| Deposit to Bank Account Kick Butt Coffee Shoppes |
| |||||||||||||||
| Crossfoot Mall Store Number 245 | 17-May-19 |
| ||||||||||||||
|
|
|
|
| Amount |
|
|
| |||||||||
|
| Cash |
|
| $8,794.16 |
|
|
| |||||||||
|
| Credit Card Receipts | $13,191.24 |
|
|
| |||||||||||
|
| Total Deposit | $ 21,985.40 | ** |
|
| |||||||||||
|
|
|
|
|
|
|
|
| |||||||||
|
|
|
|
|
|
|
|
| |||||||||
|
| ** Service Charges Have not been Applied ** |
| ||||||||||||||
|
|
|
|
|
|
|
|
| |||||||||
| Bank of Montreal Crossfoot Mall Branch |
| |||||||||||||||||||||
| Receipt for Deposit |
|
|
| Deposit Slip #4 | ||||||||||||||||||
| Deposit to Bank Account Kick Butt Coffee Shoppes
| ||||||||||||||||||||||
| Crossfoot Mall Store Number 245 | 24-May-19 |
| ||||||||||||||||||||
|
|
|
|
| Amount |
|
|
| |||||||||||||||
|
| Cash |
|
| $9,365.40 |
|
|
| |||||||||||||||
|
| Credit Card Receipts | $14,048.10 |
|
|
| |||||||||||||||||
|
| Total Deposit | $23,413.50 | ** |
|
| |||||||||||||||||
|
|
|
|
|
|
|
|
| |||||||||||||||
|
|
|
|
|
|
|
|
| |||||||||||||||
|
| ** Service Charges Have not been Applied **
| |||||||||||||||||||||
|
|
|
|
|
|
|
|
| |||||||||||||||
|
|
|
|
|
|
|
|
|
| ||||||||||||||
Emailed: Monthly Payroll information
| Payroll Information for KBC #245 | ||||
|
|
|
|
|
|
| Date | Pay Period | Amount |
|
|
| 15-May | May 1 to May 8 | $4,7X0.00 |
|
|
|
|
|
|
|
|
| 29-May | May 9 to May 22 | $7,8X0.00 |
|
|
|
|
|
|
|
|
| Accrual | May 23 to May 31 | $5,2X0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
| Bank of Montreal Crossfoot Mall Branch
|
| Deposit Slip #5 | |||||||||||||||||
| Receipt for Deposit |
|
|
|
| |||||||||||||||
| Deposit to Bank Account Kick Butt Coffee Shoppes |
| ||||||||||||||||||
| Crossfoot Mall Store Number 245 | 31-May-19 |
| |||||||||||||||||
|
|
|
|
| Amount |
|
|
| ||||||||||||
|
| Cash |
|
| $ 9,138.52 |
|
|
| ||||||||||||
|
| Credit Card Receipts | $ 13,707.78 |
|
|
| ||||||||||||||
|
| Total Deposit | $ 22,846.30 | ** |
|
| ||||||||||||||
|
|
|
|
|
|
|
|
| ||||||||||||
|
|
|
|
|
|
|
|
| ||||||||||||
|
| ** Service Charges Have not been Applied ** |
| |||||||||||||||||
|
|
|
|
|
|
|
|
| ||||||||||||
| Crossfoot Soccer Club (CSC) | ||||||||||||||
| Sponsorship of Girl Minor Soccer Team 2019 Season | May 15 2019 | |||||||||||||
|
|
|
|
|
|
|
|
| |||||||
| KickButt Coffee Shoppes |
| $8X0.00 |
|
| ||||||||||
|
|
|
|
|
|
|
|
| |||||||
| Thank you for your Support |
|
|
| |||||||||||
|
|
|
|
| Paid with Cheque # 51 |
|
|
| |||||||
| Charity Number 23498765 |
|
|
|
| ||||||||||
|
|
|
|
|
|
|
|
| |||||||
|
|
|
|
|
|
|
|
| |||||||
Notes: 2019 season starts on May and finishes in October with championship matches
