End of Month Posting
End of Month Posting
End of Month Posting
Your progress
Your grading
Your grading outcome (still in progress) Awarded Total Points (prior to this page) Points (on this page) Points (after this page) Total 386 146 ! 449 146 531
532 1,126
Completed:
44% (approximately)
Now that you have finished recording all of the transactions for the month of June, you are ready to perform the end of month posting procedure. The purpose of this end of month posting is to transfer the totals from the special journals to the appropriate general ledger accounts so that the balances in those ledger accounts reflect all of the transactions that occurred throughout the period.
Instructions for end of month posting 1) Total the columns in the special journals. Record the amount in the Total row of each journal. 2) Post the totals of the columns in the special journals to their corresponding ledger account. To confirm that the posting has been performed, a posting reference is recorded in the last row of the special journals. If the total of a column is not required to be posted, you need to record an X in the post reference field for that column. 3) Record the final unadjusted balance of each ledger account in the Unadjusted Balance row of each ledger, even for ledgers with a balance of zero. Although each ledger already has a running balance, the Unadjusted Balance row must still be filled out in order to receive full points. Back-On-Track functionality Please note that any answers from previous pages carried through onto this page (either on the page or in a popup information page) have been reset, if necessary, to the correct answers. Your particular answers from previous pages are no longer shown. Remember: Enter all answers to the nearest whole dollar. You are also required to apply the journals and ledgers instructions provided in previous weeks. Before pressing the Submit answers button, we recommend that you click the Show All tab and check that all relevant accounting records have been completed. If you want to print this page, please read and follow the special printing information to ensure you can print the special journals in full.
SALES JOURNAL
Date Jun Jun Jun Jun Jun Jun Jun Jun Total Post Reference ( 110 )
6177
Account 7 ARC - Jandesh's Hot Spot 11 ARC - Con's Coffee 17 ARC - Central Coffee 23 ARC - Con's Coffee
/ ( 400 )
Feedback
SALES JOURNAL
Date Account Invoice No. Post Ref. Amount
Jun
Jun 11 ARC - Con's Coffee Jun 17 ARC - Central Coffee Jun 23 ARC - Con's Coffee Total Post Reference
(Q=812.purchasesJournalEndMonth)
PURCHASES JOURNAL
Date Jun Jun Jun Jun Jun Jun Jun Total Post Reference ( 210 )
3687
Account 1 APC - Dominga Wholesalers 4 APC - Croup Coffee 30 APC - East Tangiers Co-op.
/ ( 500 )
Feedback
PURCHASES JOURNAL
Date Jun Jun Account 1 APC - Dominga Wholesalers 4 APC - Croup Coffee Terms Post Ref. Amount 537 1,890 1,260 3,687 (210)/(500)
(Q=813.cashReceiptsJournalEndMonth)
Credit
Accounts Receivable Other Accounts
48,000
48,000
Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Total
6 Sales Revenue 9 ARC - Quick Bolt Coffee 13 Sales Revenue 17 ARC - Con's Coffee 18 ARC - Jandesh's Hot Spot 20 Sales Revenue 27 Sales Revenue 29 ARC - KavaJava 30 Sales Revenue
99099
80
44661
6518
48000
Post Reference
100 )
402 )
400 )
110 )
X)
Feedback
Credit
Sales Accounts Other Revenue Receivable Accounts
48,000 8,449 1,524 9,455 300 3,259 10,402 11,990 1,355 4,365 99,099 (100) 80 (402) 4,365 44,661 (400) 6,518 (110) 10,402 11,990 1,355 80 9,455 300 3,259 8,449 1,604
48,000
Jun 13 Sales Revenue Jun 17 ARC - Con's Coffee Jun 18 ARC - Jandesh's Hot Spot Jun 20 Sales Revenue Jun 27 Sales Revenue Jun 29 ARC - KavaJava Jun 30 Sales Revenue Total Post reference
48,000 (X)
(Q=814.cashPaymentsJournalEndMonth)
Date Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Total Post Reference
Check No.
Post Ref.
Debit
Accounts Payable Purchases Other Accounts Cash
Credit
Purchase Discounts
X 210-4 210-2 210-5 516 210-3 210-1 516 545 2,463 4,879 1,239 2,167 2,330
1,596
1,596 1,214 2,145 2,330 5,506 5,506 2,463 4,879 5,155 7,000 5,155 7,000 25 22
11 APC - Abejundio Coffee 15 Wages Expense 23 APC - Dominga Wholesalers 26 APC - Croup Coffee 29 Wages Expense 30 Salary Expense
13078
1596
17661
32288
47
210 )
500 )
X)
100 )
502 )
Feedback
Debit
Accounts Other Purchases Payable Accounts
Credit
Cash Purchase Discounts
X 210-4 210-2 210-5 516 210-3 210-1 516 545 13,078 (210) 2,463 4,879 1,239 2,167 2,330
1,596
1,596 1,214 2,145 2,330 5,506 5,506 2,463 4,879 5,155 7,000 5,155 7,000 32,288 (100) 47 (502) 25 22
Jun 11 APC - Abejundio Coffee Jun 15 Wages Expense Jun 23 APC - Dominga Wholesalers Jun 26 APC - Croup Coffee Jun 29 Wages Expense Jun 30 Salary Expense Total Post reference
1,596 (500)
17,661 (X)
(Q=815-100.Cash_endMonth)
Account: Cash Account No. 100 Date May Jun Jun Jun Jun 31 Balance 30 30 30 30 Unadjusted Balance
86834 DR Total from cash receipts journal Total from cash payments journal CRJ CPJ 99099 0 0 32288
Description
Ref.
Debit
Credit
Balance 20,023 DR
119122 86834 DR DR
Feedback
Account: Cash Account No. 100 Date May Jun Jun Jun 31 Balance 30 Total from cash receipts journal 30 Total from cash payments journal 30 Unadjusted Balance CRJ CPJ 99,099 32,288 Description Ref. Debit Credit Balance 20,023 DR 119,122 DR 86,834 DR 86,834 DR
Account: ARC - Accounts Receivable Control Account No. 110 Date May Jun Jun Jun Jun Jun Jun 31 Balance 13 Sales return from Jandesh's Hot Spot 30 30 30 30 30 Unadjusted Balance
Total from sales journal Total from cash receipts journal SJ CRJ
(Q=815-110-0.ARControl_endMonth)
Description
Ref.
Debit
Credit
Balance 8,669 DR
GJ
6177 0
2,921
0 6518 11925 5407
5,748 DR
DR DR
5407
DR
Feedback
Account: ARC - Accounts Receivable Control Account No. 110 Date May Jun Jun Jun 31 Balance 13 Sales return from Jandesh's Hot Spot 30 Total from sales journal 30 Total from cash receipts journal GJ SJ CRJ 6,177 6,518 2,921 Description Ref. Debit Credit Balance 8,669 DR 5,748 DR 11,925 DR 5,407 DR
Jun
30 Unadjusted Balance
5,407 DR
Account: APC - Accounts Payable Control Account No. 210 Date May Jun Jun Jun Jun Jun Jun 31 Balance 16 Purchase return to Dominga Wholesalers 30 30 30 30 30 Unadjusted Balance
Total from purchases journal Total from cash payments journal PJ CPJ
(Q=815-210-0.APControl_endMonth)
Description
Ref.
Debit
Credit
Balance 12,904 CR
GJ
2,253
0 13078 3687 0
10,651 CR
14338 1260 CR CR
1260
CR
Feedback
Account: APC - Accounts Payable Control Account No. 210 Date May Jun Jun Jun Jun 31 Balance 16 Purchase return to Dominga Wholesalers 30 Total from purchases journal 30 Total from cash payments journal 30 Unadjusted Balance GJ PJ CPJ 13,078 2,253 3,687 Description Ref. Debit Credit Balance 12,904 CR 10,651 CR 14,338 CR 1,260 CR 1,260 CR
Account: Sales Revenue Account No. 400 Date May Jun Jun Jun Jun 31 Balance 30 30 30 30 Unadjusted Balance
50838 Total from sales journal Total from cash receipts journal SJ CRJ 0 0 6177 44661 6177 50838
(Q=815-400.SalesRevenue_endMonth)
Description
Ref.
Debit
Credit
Balance 0
CR CR
CR
Feedback
Description
Ref.
Debit
Credit
Balance 0
30 Total from sales journal 30 Total from cash receipts journal 30 Unadjusted Balance
SJ CRJ
6,177 44,661
Account: Sales Returns and Allowances Account No. 401 Date May Jun Jun Jun Jun Jun 31 Balance 13 Sales return from Jandesh's Hot Spot 30 30 30 30 Unadjusted Balance GJ 2,921 Description Ref. Debit Credit
(Q=815-401.SalesReturns_endMonth)
Balance 0 2,921 DR
2921
DR
Feedback
Account: Sales Returns and Allowances Account No. 401 Date May Jun Jun 31 Balance 13 Sales return from Jandesh's Hot Spot 30 Unadjusted Balance GJ 2,921 Description Ref. Debit Credit Balance 0 2,921 DR 2,921 DR
Account: Sales Discounts Account No. 402 Date May Jun Jun Jun Jun 31 Balance 30 30 30 30 Unadjusted Balance
80 DR Total from cash receipts journal CRJ 80 0 80 DR
(Q=815-402.SalesDisc_endMonth)
Description
Ref.
Debit
Credit
Balance 0
Feedback
Description
Ref.
Debit
Credit
Balance 0
CRJ
80
80 DR 80 DR
Account: Purchases Account No. 500 Date May Jun Jun Jun Jun 31 Balance 30 30 30 30 Unadjusted Balance
5283 DR Total from purchases journal Total from cash payments PJ CPJ 3687 1596 0 0 3687 5283 DR DR
(Q=815-500.Purchases_endMonth)
Description
Ref.
Debit
Credit
Balance 0
Feedback
Account: Purchases Account No. 500 Date May Jun Jun Jun 31 Balance 30 Total from purchases journal 30 Total from cash payments journal 30 Unadjusted Balance PJ CPJ 3,687 1,596 Description Ref. Debit Credit Balance 0 3,687 DR 5,283 DR 5,283 DR
Account: Purchase Returns and Allowances Account No. 501 Date May Jun Jun Jun Jun Jun 31 Balance 16 Purchase return to Dominga Wholesalers 30 30 30 30 Unadjusted Balance GJ 2,253 Description Ref. Debit Credit
(Q=815-501.PurchaseReturns_endMonth)
Balance 0 2,253 CR
2253
CR
Feedback
Description
Ref.
Debit
Credit
Balance 0
GJ
2,253
2,253 CR 2,253 CR
Account: Purchase Discounts Account No. 502 Date May Jun Jun Jun Jun 31 Balance 30 30 30 30 Unadjusted Balance
47 Total from cash payments journal CPJ 0 47 47
(Q=815-502.PurchaseDisc_endMonth)
Description
Ref.
Debit
Credit
Balance 0
CR
CR
Feedback
Account: Purchase Discounts Account No. 502 Date May Jun Jun 31 Balance 30 Total from cash payments journal 30 Unadjusted Balance CPJ 47 Description Ref. Debit Credit Balance 0 47 CR 47 CR
Manual Accounting Practice Set Coffee & Caf Supplier, US GAAP Edition 3 (VCU3m) 2010 Perdisco / latin /. v., learn thoroughly http://www.perdisco.com Terms Of Use | Privacy Policy | Friday, May 04, 2012, 11:53