Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Burnley solution manual

 
Examples of Canadian Tire’s operating transactions:
Purchase of inventory from suppliers
Sale of goods and services
 
LO 4  BT: C  Difficulty: M Time: 15 min.  AACSB: None  CPA: cpa-t001  CM: Reporting
 
 
AP1-2A    Examples of Bank of Nova Scotia’s financing transactions:
Issuance of shares to investors to raise capital to lend money  
      to customers
Issuance of long-term debt to raise necessary capital to have
  funds available to lend money (provide mortgages and loans)     
  to customers
 
Examples of Bank of Nova Scotia's investing transactions:
1. Purchase of buildings and equipment for in branch operations
2. Purchase of information technology equipment and software to maintain the banking transactions and provide online access for customers
 
Examples of Bank of Nova Scotia's operating transactions:
Sale of services (interest revenue, service charges, etc.) to customers
Payment of wages to employees
 
LO 4  BT: C  Difficulty: M Time: 15 min.  AACSB: None  CPA: cpa-t001  CM: Reporting
 

AP1-3A    a. I
        b. F
        c. O
        d. O
        e. O
        f.  I
        g. O
        h. I
 
LO 4  BT: AP  Difficulty: M Time: 10 min.  AACSB: None  CPA: cpa-t001  CM: Reporting
 
AP1-4A
Sales revenue is found on the statement of income and represents the amounts charged to customers for the sale of goods and services. 
Accounts receivable appears on the statement of financial position and represents claims to cash, for the sale of goods and services, that have not yet been collected from the customer.  Accounts receivable represents an asset of the company.
The connection between these two accounts is that accounts receivable are created when sales have been made on credit.
 
LO 5  BT: C  Difficulty: M Time: 15 min.  AACSB: None  CPA: cpa-t001  CM: Reporting
 
AP1-5A
               a. CL
                b. CA
                c. CL
                d. CA
                e. SCF
                f.  SI 
                g. SCE
                h. NCA
                i.  NCL and SCF
                j.  CL
                k. SC
 
LO 5  BT: AP  Difficulty: M Time: 10 min.  AACSB: None  CPA: cpa-t001  CM: Reporting
 

AP1-6A    a. NCA
        b. SI
        c. SCF
        d. SI
        e. RE and SCE
        f.  SI
        g. SCE and SCF
        h. SCF
        i.  SI
        j.  NCA
        k. SCE and SCF
 
LO 5  BT: AP  Difficulty: H Time: 15 min.  AACSB: None  CPA: cpa-t001  CM: Reporting
 
AP1-7A    a. SFP
        b. SFP
        c. SFP
        d. SI
        e. SI
        f.   N
        g. SI
        h. N