Solutions for Fundamental Accounting Principles, Volume 1, 18th Canadian Edition by Larson

Solutions Manual, Appendix 2 1



SOLUTIONS MANUAL
to accompany
Fundamental Accounting Principles

18thCanadian Edition

by Larson/Dieckmann/Harris/Creagh




Complete Chapters Solutions included Vol 1 18ce




Fundamental Accounting Principles 18ce
Copyright Ó 2025

,Solutions Manual, Appendix 2 2



APPENDIX II

Quick Study AII-1(15 minutes)

1. B 5. C 8. A
2. E 6. D 9. B
3. E 7. C 10. D
4. A




QS AII-2 (10 minutes)


a. Sales Journal
b. Purchases Journal
c. Cash Payments Journal
d. Cash Receipts Journal
e. Cash Receipts Journal
f. Purchases Journal
g. Cash Payments Journal
h. Cash Payments Journal



Quick Study AII-3(10 minutes)

a. Subsidiary ledger d. Subsidiary ledger

b. General ledger e. General ledger
c. General ledger f. General ledger




Fundamental Accounting Principles 18ce
Copyright Ó 2025

,Solutions Manual, Appendix 2 3


Quick Study AII-4(10 minutes)
1. Accounts Receivable Ledger

ACCOUNTS RECEIVABLE LEDGER
Stern Company
Date Explanation PR Debit Credit Balance
Jan. 10 S1 4,000 4,000
20 R1 4,000 0

Diaz Brothers
Date Explanation PR Debit Credit Balance
Jan. 19 S1 1,600 1,600
28 R1 1,600 0

Rex Company
Date Explanation PR Debit Credit Balance
Jan. 23 S1 2,500 2,500
31 R1 1,300 1,200

2. General Ledger

GENERAL LEDGER
Accounts Receivable
Date Explanation PR Debit Credit Balance
Jan. 31 S1 8,100 8,100
31 R1 6,900 1,200




Quick Study AII-5(10 minutes)
Debit (DR),
Credit (CR), or
No Effect (NE)
1. NE
2. DR
3. NE
4. CR
5. NE
6. CR
7. NE


Fundamental Accounting Principles 18ce
Copyright Ó 2025

, Solutions Manual, Appendix 2 4


Quick Study AII-6(10 minutes)
Debit (DR),
Credit (CR), or
No Effect (NE)
1. NE
2. CR
3. NE
4. DR
5. DR
6. NE
7. NE



QS AII-7 (10 minutes)


SALES JOURNAL
Accounts Cost of Goods
Invoice Receivable Dr. Sold Dr.
Date Account Debited Number PR Sales Cr. Inventory Cr.
June 9 R. Allen ................................................
2081 325 200

27 B. Kraft.................................................
2082 550 400




QS AII-8 (10 minutes)


CASH RECEIPTS JOURNAL
Cost of
Sales Accounts Other Goods
Cash Discount Recble. Sales Accounts Sold Dr.
Date Account Credited Explanation PR Dr. Dr. Cr. Cr. Cr. Inventory Cr.




Fundamental Accounting Principles 18ce
Copyright Ó 2025