Last revised: September 2021
SOLUTIONS MANUAL to accompany
Fundamental Accounting Principles
17thCanadian Edition by Larson/Dieckmann/Harris
Revised for the 17th Edition by:
John Harris, Seneca College
Technical checks by: Rhonda Heninger, SAIT
Solutions Manual to accompany Fundamental Accounting Principles, 17th Canadian Edition. © 2022 McGraw Hill Ltd. AII-1
,Last revised: September 2021
APPENDIX II
Quick Study AII-1 (10 minutes)
1. P
2. AR
3. AR
4. AP
Quick Study AII-2(10 minutes)
Input (I) or
Output (O)
1. I
2. I
3. O
4. O
5. I
6. O
7. O
8. I
Quick Study AII-3(15 minutes)
1. B 5. C 8. A
2. E 6. D 9. B
3. E 7. C 10. D
4. A
Solutions Manual to accompany Fundamental Accounting Principles, 17th Canadian Edition. © 2022 McGraw Hill Ltd. AII-2
,Last revised: September 2021
Quick Study AII-4(10 minutes)
a. Sales Journal
b. Purchases Journal
c. Cash Disbursements Journal
d. Cash Disbursements Journal
e. Purchases Journal
f. Cash Receipts Journal
g. Cash Receipts Journal
Quick Study AII-5(10 minutes)
a. Subsidiary ledger d. Subsidiary ledger
b. General ledger e. General ledger
c. General ledger f. General ledger
Solutions Manual to accompany Fundamental Accounting Principles, 17th Canadian Edition. © 2022 McGraw Hill Ltd. AII-3
, Last revised: September 2021
Quick Study AII-6(10 minutes)
Nov. 12 Automobiles 15,000
Jesse Cooke, Capital 15,000
The owner contributed an automobile
to the business.
19 Sales Returns and Allowances 150
Accounts Receivable—R. Wyder 150
Customer returned merchandise.
19 Merchandise Inventory 95
Cost of goods sold 95
Merchandise returned to inventory.
28 Accounts Payable—The Ringdol Co. 170
Merchandise Inventory 170
Returned defective merchandise.
Quick Study AII-7(10 minutes)
Debit (DR),
Credit (CR), or
No Effect (NE)
1. NE
2. DR
3. NE
4. CR
5. NE
6. CR
Solutions Manual to accompany Fundamental Accounting Principles, 17th Canadian Edition. © 2022 McGraw Hill Ltd. AII-4
SOLUTIONS MANUAL to accompany
Fundamental Accounting Principles
17thCanadian Edition by Larson/Dieckmann/Harris
Revised for the 17th Edition by:
John Harris, Seneca College
Technical checks by: Rhonda Heninger, SAIT
Solutions Manual to accompany Fundamental Accounting Principles, 17th Canadian Edition. © 2022 McGraw Hill Ltd. AII-1
,Last revised: September 2021
APPENDIX II
Quick Study AII-1 (10 minutes)
1. P
2. AR
3. AR
4. AP
Quick Study AII-2(10 minutes)
Input (I) or
Output (O)
1. I
2. I
3. O
4. O
5. I
6. O
7. O
8. I
Quick Study AII-3(15 minutes)
1. B 5. C 8. A
2. E 6. D 9. B
3. E 7. C 10. D
4. A
Solutions Manual to accompany Fundamental Accounting Principles, 17th Canadian Edition. © 2022 McGraw Hill Ltd. AII-2
,Last revised: September 2021
Quick Study AII-4(10 minutes)
a. Sales Journal
b. Purchases Journal
c. Cash Disbursements Journal
d. Cash Disbursements Journal
e. Purchases Journal
f. Cash Receipts Journal
g. Cash Receipts Journal
Quick Study AII-5(10 minutes)
a. Subsidiary ledger d. Subsidiary ledger
b. General ledger e. General ledger
c. General ledger f. General ledger
Solutions Manual to accompany Fundamental Accounting Principles, 17th Canadian Edition. © 2022 McGraw Hill Ltd. AII-3
, Last revised: September 2021
Quick Study AII-6(10 minutes)
Nov. 12 Automobiles 15,000
Jesse Cooke, Capital 15,000
The owner contributed an automobile
to the business.
19 Sales Returns and Allowances 150
Accounts Receivable—R. Wyder 150
Customer returned merchandise.
19 Merchandise Inventory 95
Cost of goods sold 95
Merchandise returned to inventory.
28 Accounts Payable—The Ringdol Co. 170
Merchandise Inventory 170
Returned defective merchandise.
Quick Study AII-7(10 minutes)
Debit (DR),
Credit (CR), or
No Effect (NE)
1. NE
2. DR
3. NE
4. CR
5. NE
6. CR
Solutions Manual to accompany Fundamental Accounting Principles, 17th Canadian Edition. © 2022 McGraw Hill Ltd. AII-4
