Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved. Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 11) 1

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. 11) 2

Chapter 11 Comprehensive Problem Name Version 1 – Fast Exterminators, Part 1

(a) The correct ending balance of cash and the amount of the omitted cheque: (b) Allowance for doubtful accounts:

(c) Depreciation expense on the truck:

(d) Depreciation expense on the equipment:

Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved. Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 11) 3

Chapter 11 Comprehensive Problem, Name Version 1 (continued)

(e) Correct revenue and unearned revenue balances:

(f) Warranty expense and estimated warranty liability:

(g) Note Payable and interest expense:

(h) Cost of goods sold:

Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved. Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 11) 4

Chapter 11 Comprehensive Problem Name

Version 1, (continued) Part 2

FAST

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ERM

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Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved. Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 11) 5

Chapter 11 Comprehensive Problem Name

Part 3 Version 1, (continued)

GENERAL JOURNAL Page______

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. 11) 6

Chapter 11 Comprehensive Problem Name

Part 4 Version 1, (continued)

FAST EXTERMINATORS Income Statement

For Year Ended December 31, 2014

FAST EXTERMINATORS

Statement of Changes in Equity For Year Ended December 31, 2014

Copyright 2013 by McGraw-Hill Ryerson Limited. All rights reserved. Fundamental Accounting Principles, 14e, Working Papers for Comprehensive Problem (Ch. 11) 7

Chapter 11 Comprehensive Problem Name Part 4 Version 1, (concluded)

FAST EXTERMINATORS Balance Sheet

December 31, 2014