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Travel Media Association of Canada
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Comparative Balance Sheet
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 As at May 31, 2023
As at May 31, 2022
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ASSET
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Current Assets
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Saving Bank Account350,826.84 242,323.17
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Clearing Account-157.50-160.50
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Bus.Inv-1968-533825210,535.53 10,465.92
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Total Cash361,204.87 252,628.59
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Accounts Receivable25,495.00 21,237.50
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Accounts Receivable-300.00-300.00
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GST/HST Receivable16,951.86 4,615.07
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QST Receivable1.00 1.00
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Prepaid Expense5,288.76 591.85
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Total Current Assets408,641.49 278,774.01
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TOTAL ASSET408,641.49 278,774.01
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LIABILITY
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Current Liabilities
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Account Payable384.20 8,876.69
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GST/HST Payable49,781.77 24,523.13
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CPP Payable1,019.40 0.00
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EI Payable364.55 0.00
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Income Tax Payable1,725.28 0.00
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Accrued Liabilities-545.22-545.22
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TD Travel Visa **54701,653.63 0.00
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Total Current liabilities54,383.61 32,854.60
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TOTAL LIABILITY54,383.61 32,854.60
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EQUITY
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Retained Earnings
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Retained Earnings - Previous Year123,752.10 41,682.77
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Current Earnings230,505.78 204,236.64
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Total Retained Earnings354,257.88 245,919.41
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TOTAL EQUITY354,257.88 245,919.41
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LIABILITIES AND EQUITY408,641.49 278,774.01
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