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.

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 2
 Chapter 7 Comprehensive Problem Name

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

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 3
 Chapter 7 Comprehensive Problem Name

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.

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 4



Chapter 7 Comprehensive Problem Name

Alpine Company - Perpetual (Continued)

Date Account Titles and Explanation PR Debit Credit

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 5







Chapter 7 Comprehensive Problem Name
Alpine Company - Perpetual (Continued)
Cash ACCOUNT NO. 101

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 50,247

Accounts Receivable ACCOUNT NO. 106

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 4,730

Merchandise Inventory ACCOUNT NO. 119

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 220,080

Office Supplies ACCOUNT NO. 124

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 6
 DATE EXPLANATION PR DEBIT CREDIT BALANCE
2014
Apr. 30 Balance 430

Store Supplies ACCOUNT NO. 125

DATE EXPLANATION PR DEBIT CREDIT BALANCE
2014
Apr. 30 Balance 2,447

Chapter 7 Comprehensive Problem Name

Alpine Company - Perpetual (Continued)

Prepaid Insurance ACCOUNT NO. 128

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 3,318

Office Equipment ACCOUNT NO. 163

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 22,470

Accumulated Depreciation, Office Equipment ACCOUNT NO. 164

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 9,898

Store Equipment ACCOUNT NO. 165

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 7
 DATE EXPLANATION PR DEBIT CREDIT BALANCE
2014
Apr. 30 Balance 38,920

Accumulated Depreciation, Store Equipment ACCOUNT NO. 166

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 17,556

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 8
 Chapter 7 Comprehensive Problem Name

Alpine Company - Perpetual (Continued)

Accounts Payable ACCOUNT NO. 201

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 7,100

Clint Barry, Capital ACCOUNT NO. 301

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 308,088

Clint Barry, Withdrawals ACCOUNT NO. 302

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014

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.

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 9
 Chapter 7 Comprehensive Problem Name

Alpine Company - Perpetual (Continued)

Sales Returns and Allowances ACCOUNT NO. 415

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

DATE EXPLANATION PR DEBIT CREDIT BALANCE

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 10
 Chapter 7 Comprehensive Problem Name

Alpine Company - Perpetual (Continued)

Sales Salaries Expense ACCOUNT NO. 621

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Insurance Expense ACCOUNT NO. 637

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Rent Expense, Office Space ACCOUNT NO. 641

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Rent Expense, Selling Space ACCOUNT NO. 642

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Office Supplies Expense ACCOUNT NO. 650

DATE EXPLANATION PR DEBIT CREDIT BALANCE

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 11
 Chapter 7 Comprehensive Problem Name

Alpine Company - Perpetual (Continued)

Store Supplies Expense ACCOUNT NO. 651

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014

Utilities Expense ACCOUNT NO. 690

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014

Income Summary ACCOUNT NO. 901

DATE EXPLANATION PR DEBIT CREDIT BALANCE

ACCOUNTS RECEIVABLE LEDGER

NAME Deaver Corp.

DATE EXPLANATION PR DEBIT CREDIT BALANCE

NAME Essex Company

DATE EXPLANATION PR DEBIT CREDIT BALANCE

NAME Nabors, Inc.

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 28 S2 4,730 4,730

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 12
 Chapter 7 Comprehensive Problem Name

Alpine Company - Perpetual (Continued)

NAME Oscar Services.

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014

ACCOUNTS PAYABLE LEDGER

NAME Chandler Corp.

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014

NAME Gale, Inc.

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014

NAME Parkay Products

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 29 P2 7,100 7,100

NAME Thompson Supply Co.

DATE EXPLANATION PR DEBIT CREDIT BALANCE

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 13
Chapter 7 Comprehensive Problem Name

Alpine Company - Perpetual (Continued)

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

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 14
 Chapter 7 Comprehensive Problem Name

Alpine Company - Perpetual (Continued)

Alpine Company
Income Statement
For Month Ended May 31, 2014

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 15
 Chapter 7 Comprehensive Problem Name

Alpine Company - Perpetual (Continued)

Alpine Company
Statement of Changes in Equity
For Month Ended May 31, 2014

Alpine Company
Balance Sheet
May 31, 2014

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 16
 Chapter 7 Comprehensive Problem Name

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

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 17
Chapter 7 Comprehensive Problem Name

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.

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 18
 Chapter 7 Comprehensive Problem Name
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 JOURNAL Page 3

Date Account Titles and Explanation PR Debit Credit

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 19
 Chapter 7 Comprehensive Problem Name

Alpine Company - Periodic (Continued)

GENERAL JOURNAL Page 3

Date Account Titles and Explanation PR Debit Credit

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 20


Chapter 7 Comprehensive Problem Name

Alpine Company - Periodic (Continued)

GENERAL LEDGER
Cash ACCOUNT NO. 101

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 50,247

Accounts Receivable ACCOUNT NO. 106

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 4,730

Merchandise Inventory ACCOUNT NO. 119

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 220,080

Office Supplies ACCOUNT NO. 124

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 21
 DATE EXPLANATION PR DEBIT CREDIT BALANCE
2014
Apr. 30 Balance 430

Store Supplies ACCOUNT NO. 125

DATE EXPLANATION PR DEBIT CREDIT BALANCE
2014
Apr. 30 Balance 2,447

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 22
 Chapter 7 Comprehensive Problem Name

Alpine Company - Periodic (Continued)

Prepaid Insurance ACCOUNT NO. 128

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 3,318

Office Equipment ACCOUNT NO. 163

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 22,470

Accumulated Depreciation, Office Equipment ACCOUNT NO. 164

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 9,898

Store Equipment ACCOUNT NO. 165

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 38,920

Accumulated Depreciation, Store Equipment ACCOUNT NO. 166

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 17,556

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 23
 Chapter 7 Comprehensive Problem Name

Alpine Company - Periodic (Continued)

Accounts Payable ACCOUNT NO. 201

DATE EXPLANATION PR DEBIT CREDIT BALANCE

20141
Apr. 30 Balance 7,100

Clint Barry, Capital ACCOUNT NO. 301

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 30 Balance 308,088

Clint Barry, Withdrawals ACCOUNT NO. 302

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014

Sales ACCOUNT NO. 413

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Sales Discounts ACCOUNT NO. 414

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Sales Returns and Allowances ACCOUNT NO. 415

DATE EXPLANATION PR DEBIT CREDIT BALANCE

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 24
 Chapter 7 Comprehensive Problem Name

Alpine Company - Periodic (Continued)

Purchases ACCOUNT NO. 505

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Purchases Discounts ACCOUNT NO. 506

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Purchases Returns and Allowances ACCOUNT NO. 507

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

DATE EXPLANATION PR DEBIT CREDIT BALANCE

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 25
 Chapter 7 Comprehensive Problem Name

Alpine Company - Periodic (Continued)

Sales Salaries Expense ACCOUNT NO. 621

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Insurance Expense ACCOUNT NO. 637

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Rent Expense, Office Space ACCOUNT NO. 641

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Rent Expense, Selling Space ACCOUNT NO. 642

DATE EXPLANATION PR DEBIT CREDIT BALANCE

Office Supplies Expense ACCOUNT NO. 650

DATE EXPLANATION PR DEBIT CREDIT BALANCE

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 26
 Chapter 7 Comprehensive Problem Name

Alpine Company - Periodic (Continued)

Store Supplies Expense ACCOUNT NO. 651

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014

Utilities Expense ACCOUNT NO. 690

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014

Income Summary ACCOUNT NO. 901

DATE EXPLANATION PR DEBIT CREDIT BALANCE

ACCOUNTS RECEIVABLE LEDGER

NAME Deaver Corp.

DATE EXPLANATION PR DEBIT CREDIT BALANCE

NAME Essex Company

DATE EXPLANATION PR DEBIT CREDIT BALANCE

NAME Nabors, Inc.

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 28 S2 4,730 4,730

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 27
 Chapter 7 Comprehensive Problem Name

Alpine Company - Periodic (Continued)

NAME Oscar Services.

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014

ACCOUNTS PAYABLE LEDGER

NAME Chandler Corp.

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014

NAME Gale, Inc.

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014

NAME Parkay Products

DATE EXPLANATION PR DEBIT CREDIT BALANCE

2014
Apr. 29 P2 7,100 7,100

NAME Thompson Supply Co.

DATE EXPLANATION PR DEBIT CREDIT BALANCE

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 28
Chapter 7 Comprehensive Problem Name

Alpine Company - Periodic (Continued)

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

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 29
 Chapter 7 Comprehensive Problem Name

Alpine Company - Periodic (Continued)

Alpine Company
Income Statement
For Month Ended May 31, 2014

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 30
 Chapter 7 Comprehensive Problem Name

Alpine Company - Periodic (Continued)

Alpine Company
Statement of Changes in Equity
For Month Ended May 31, 2014

Alpine Company
Balance Sheet
May 31, 2014

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 31
 Chapter 7 Comprehensive Problem Name

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

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

Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 7) 32