John Smith purchased a property from Bob Barker located at 111-1532 W Georgia Street in Vancouver, BC for $350,000. The statement of adjustments details the debits and credits related to the transaction, including a $5,000 property transfer tax, $20,000 deposit, and $56,730 required from John Smith to the notary to complete the purchase.

1. Jane Brown Notary Public
2897 111 Seymour Street
Vancouver, British Columbia V6V 1V1
Buyer Statement of Adjustments
BUYER: John Smith
SELLER: Bob Barker
PROPERTY: PID 000-111-222 LOT 1 BLOCK 1 DISTRICT LOT 1 PLAN 1
111 – 1532 W Georgia Street, Vancouver, BC V5C 1P2
FILE NUMBER: 001.002 COMPLETION DATE: September 30, 2011
ADJUSTMENT DATE: October 1, 2011 POSSESSION DATE: October 1, 2011
E
DEBIT CREDIT
Price $350,000.00
Property Transfer Tax $5,000.00
Deposit paid by Buyer to Best Choice Realty $20,000
Proceeds of ABC Bank
PL
Buyer’s portion of 2011 City of Vancouver taxes paid be Seller
Cost to obtain Title Insurance payable Stewart Title Guaranty Company
Payment of Account of Jane Brown Notary Public
Fees
Disbursements
HST
$495.00
$295.00
$40.00
$400.00
$500.00
$280,000.00
M
Total Account $830.00 $830.00
Sub Totals $356,730.00 $300,000.00
Funds required from john Smith to complete payable to
Jane Brown Notary Public, In Trust, by bank draft $56,730.00
Totals $356,730.00 $356,730.00
SA