Fundamental Accounting Principles: To Accompany COMPREHENSIVE PROBLEM in

WORKING PAPERS
to accompany COMPREHENSIVE PROBLEM in
Fundamental Accounting Principles
14th Canadian Edition

by Larson/Jensen
Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved.

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 1
Chapter 7 Comprehensive Problem Name
Alpine Company - Perpetual

Sales Journal Page 2
Account Invoice Accounts Receivable Dr. Cost of Goods Sold Dr.
Date Debited Number PR Sales Cr. Merchandise Inventory Cr.
Purchases Journal Page 2

Accounts Merch. Office Other
Date of Payable Inventory Supplies Accounts
Date Account Invoice Terms PR Cr. Dr. Dr. Dr.
Credited
Cash Receipts Journal Page 2

COGS
Sales Accts. Other Dr.
Account Cash Disc. Rec. Sales Accts. Merch.
Date Credited PR Explanation Dr. Dr. Cr. Cr. Cr. Inv. Cr.

Alpine Company - Perpetual (Continued)

Cash Disbursements Journal Page 2
Merch. Other Accounts
Ch. Account Inventory Accounts Payable
Date No. Payee Debited PR Cash Cr. Cr. Dr. Dr.
GENERAL JOURNAL Page 3

Date Account Titles and Explanation PR Debit Credit










Cash ACCOUNT NO. 101

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 50,247
Accounts Receivable ACCOUNT NO. 106


2014
Merchandise Inventory ACCOUNT NO. 119


2014
Office Supplies ACCOUNT NO. 124


2014
Apr. 30 Balance 430
Store Supplies ACCOUNT NO. 125

2014

Prepaid Insurance ACCOUNT NO. 128


2014
Office Equipment ACCOUNT NO. 163


2014
Accumulated Depreciation, Office Equipment ACCOUNT NO. 164


2014
Store Equipment ACCOUNT NO. 165


2014
Accumulated Depreciation, Store Equipment ACCOUNT NO. 166


2014


Accounts Payable ACCOUNT NO. 201


2014
Clint Barry, Capital ACCOUNT NO. 301


2014
Clint Barry, Withdrawals ACCOUNT NO. 302


2014
Sales ACCOUNT NO. 413

Sales Discounts ACCOUNT NO. 414



Sales Returns and Allowances ACCOUNT NO. 415

Cost of Goods Sold ACCOUNT NO. 502

Depreciation Expense, Office Equipment ACCOUNT NO. 612

Depreciation Expense, Store Equipment ACCOUNT NO. 613

Office Salaries Expense ACCOUNT NO. 620



Sales Salaries Expense ACCOUNT NO. 621

Insurance Expense ACCOUNT NO. 637

Rent Expense, Office Space ACCOUNT NO. 641

Rent Expense, Selling Space ACCOUNT NO. 642

Office Supplies Expense ACCOUNT NO. 650



Store Supplies Expense ACCOUNT NO. 651


2014
Utilities Expense ACCOUNT NO. 690


2014
Income Summary ACCOUNT NO. 901

ACCOUNTS RECEIVABLE LEDGER

NAME Deaver Corp.

NAME Essex Company

NAME Nabors, Inc.


2014
Apr. 28 S2 4,730 4,730


NAME Oscar Services.


2014
ACCOUNTS PAYABLE LEDGER

NAME Chandler Corp.


2014
NAME Gale, Inc.


2014
NAME Parkay Products


2014
Apr. 29 P2 7,100 7,100
NAME Thompson Supply Co.


Balance Sheet and
Changes in Equity
Credit
Statement of
Debit
Income Statement
Credit
Debit
For Month Ended May 31, 2014
Credit
Adjustments
Alpine Company
Work Sheet
Debit
Credit
Trial Balance
Debit
Account Titles


Alpine Company
Income Statement



Alpine Company
Statement of Changes in Equity

Alpine Company
Balance Sheet
May 31, 2014


Alpine Company - Perpetual (Concluded)

Alpine Company
Post-Closing Trial Balance
May 31, 2014

Debit Credit
Alpine Company
Schedule of Accounts Receivable
May 31, 2014

Alpine Company
Schedule of Accounts Payable

May 31, 2014

Alpine Company - Periodic

Sales Journal Page 2
Invoice Accts. Receivable Dr.
Date Account Debited Number PR Sales Cr.
Purchases Journal Page 2

Date Accts. Office Other
of Pay. Purchases Supplies Accts.
Date Account Inv. Terms PR Cr. Dr. Dr. Dr.
Credited
Cash Receipts Journal Page 2

Sales Accts. Other
Accounts Cash Disc. Rec. Sales Accts.
Date Credited Explanation PR Dr. Dr. Cr. Cr. Cr.

Alpine Company - Periodic (Continued)
Cash Disbursements Journal Page 2
Purch. Other Accts.
Ch. Cash Disc. Accts. Payable
Date No. Payee Account Debited PR Cr. Cr. Dr. Dr.









GENERAL LEDGER
Cash ACCOUNT NO. 101


2014
Accounts Receivable ACCOUNT NO. 106


2014
Merchandise Inventory ACCOUNT NO. 119


2014
Office Supplies ACCOUNT NO. 124


2014
Apr. 30 Balance 430
Store Supplies ACCOUNT NO. 125

2014


Prepaid Insurance ACCOUNT NO. 128


2014
Office Equipment ACCOUNT NO. 163


2014
Accumulated Depreciation, Office Equipment ACCOUNT NO. 164


2014
Store Equipment ACCOUNT NO. 165


2014
Accumulated Depreciation, Store Equipment ACCOUNT NO. 166


2014


Accounts Payable ACCOUNT NO. 201


20141
Clint Barry, Capital ACCOUNT NO. 301


2014
Clint Barry, Withdrawals ACCOUNT NO. 302


2014
Sales ACCOUNT NO. 413

Sales Discounts ACCOUNT NO. 414

Sales Returns and Allowances ACCOUNT NO. 415



Purchases ACCOUNT NO. 505

Purchases Discounts ACCOUNT NO. 506

Purchases Returns and Allowances ACCOUNT NO. 507

Depreciation Expense, Office Equipment ACCOUNT NO. 612

Depreciation Expense, Store Equipment ACCOUNT NO. 613

Office Salaries Expense ACCOUNT NO. 620



Sales Salaries Expense ACCOUNT NO. 621

Insurance Expense ACCOUNT NO. 637

Rent Expense, Office Space ACCOUNT NO. 641

Rent Expense, Selling Space ACCOUNT NO. 642

Office Supplies Expense ACCOUNT NO. 650



Store Supplies Expense ACCOUNT NO. 651


2014
Utilities Expense ACCOUNT NO. 690


2014
Income Summary ACCOUNT NO. 901

ACCOUNTS RECEIVABLE LEDGER

NAME Deaver Corp.

NAME Essex Company

NAME Nabors, Inc.


2014
Apr. 28 S2 4,730 4,730


NAME Oscar Services.


2014
ACCOUNTS PAYABLE LEDGER

NAME Chandler Corp.


2014
NAME Gale, Inc.


2014
NAME Parkay Products


2014
Apr. 29 P2 7,100 7,100
NAME Thompson Supply Co.


Balance Sheet and
Changes in Equity
Credit
Statement of
Debit
Income Statement
Credit
Debit
Credit
Adjustments
Alpine Company
Work Sheet
Debit
Credit
Trial Balance
Debit
Account Titles


Alpine Company
Income Statement


Alpine Company
Statement of Changes in Equity

Alpine Company
Balance Sheet
May 31, 2014


Alpine Company - Periodic (Concluded)
Alpine Company
Post-Closing Trial Balance
May 31, 2014

Debit Credit
Alpine Company
Schedule of Accounts Receivable

May 31, 2014

Alpine Company
Schedule of Accounts Payable
May 31, 2014



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WORKING PAPERS

to accompany COMPREHENSIVE PROBLEM in

Fundamental Accounting Principles

14th Canadian Edition

Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved.

Alpine Company - Perpetual

Purchases Journal Page 2

Cash Receipts Journal Page 2

Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved.

Alpine Company - Perpetual (Continued)

GENERAL JOURNAL Page 3

Date Account Titles and Explanation PR Debit Credit

Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved.

Alpine Company - Perpetual (Continued)

Date Account Titles and Explanation PR Debit Credit

Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved.

Alpine Company - Perpetual (Continued)

Date Account Titles and Explanation PR Debit Credit

Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved.

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Accounts Receivable ACCOUNT NO. 106

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Merchandise Inventory ACCOUNT NO. 119

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Office Supplies ACCOUNT NO. 124

Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved.

Store Supplies ACCOUNT NO. 125

Chapter 7 Comprehensive Problem Name

Alpine Company - Perpetual (Continued)

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Office Equipment ACCOUNT NO. 163

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Accumulated Depreciation, Office Equipment ACCOUNT NO. 164

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Store Equipment ACCOUNT NO. 165

Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved.

Accumulated Depreciation, Store Equipment ACCOUNT NO. 166

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved.

Alpine Company - Perpetual (Continued)

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Clint Barry, Capital ACCOUNT NO. 301

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Clint Barry, Withdrawals ACCOUNT NO. 302

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Sales ACCOUNT NO. 413

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Sales Discounts ACCOUNT NO. 414

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved.

Alpine Company - Perpetual (Continued)

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Cost of Goods Sold ACCOUNT NO. 502

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Depreciation Expense, Office Equipment ACCOUNT NO. 612

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Depreciation Expense, Store Equipment ACCOUNT NO. 613

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Office Salaries Expense ACCOUNT NO. 620