End of Month Posting
February 9, 2017 | Author: Suszie Sue | Category: N/A
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Manual Accounting Practice Set Coffee & Café Supplier, US GAAP Edition 3
Feedback: End of month posting This is a feedback page. Please review this page carefully because later pages in this practice set build on the feedback provided here. After you have reviewed your feedback page, click Continue at the bottom of this page to move on to the next page of your practice set.
Your progress
Your grading Your grading outcome (still in progress) Awarded Total Points (prior to this page)
386
449
Points (on this page)
146
146
!
531
Points (after this page) Total
Completed:
532 1,126
44% (approximately)
Remaining pages will take: up to 10 hours The time frames we provide are a guide only. It may take you more or less time to complete each step.
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.
Show All Special Journals
General Journal Subsidiary Ledgers General Ledger (Q=811.salesJournalEndMonth)
SALES JOURNAL Date
Account
Jun
7 ARC - Jandesh's Hot Spot
Invoice No.
Post Ref.
Amount
501
110-3
2,982
Jun
11 ARC - Con's Coffee
502
110-6
505
Jun
17 ARC - Central Coffee
503
110-5
2,464
Jun
23 ARC - Con's Coffee
504
110-6
226
Jun Jun Jun Jun Total
6177
Post Reference
( 110 )
Feedback
SALES JOURNAL Date
Account
Invoice No.
Post Ref.
Amount
/ ( 400 )
Jun
7 ARC - Jandesh's Hot Spot
501 110-3
2,982
Jun 11 ARC - Con's Coffee
502 110-6
505
Jun 17 ARC - Central Coffee
503 110-5
2,464
Jun 23 ARC - Con's Coffee
504 110-6
226
Total
6,177
Post Reference
(110)/(400)
(Q=812.purchasesJournalEndMonth)
PURCHASES JOURNAL Date
Account
Jun
1 APC - Dominga Wholesalers
Jun
4 APC - Croup Coffee
Jun
Post Ref.
Terms
30 APC - East Tangiers Co-op.
Amount
net 30
210-3
537
2/10, n/30
210-1
1,890
2/10, n/30
210-4
1,260
Jun Jun Jun Jun Total
3687
Post Reference
( 210 )
/ ( 500 )
Feedback
PURCHASES JOURNAL Date
Account
Jun
1 APC - Dominga Wholesalers
Jun
Terms
Post Ref.
Amount
net 30 210-3
537
4 APC - Croup Coffee
2/10, n/30 210-1
1,890
Jun 30 APC - East Tangiers Co-op.
2/10, n/30 210-4
1,260
Total
3,687
Post Reference
(210)/(500)
(Q=813.cashReceiptsJournalEndMonth)
CASH RECEIPTS JOURNAL Date Jun
Account 1 Bank Loan Payable
Post Ref. 250
Debit Cash
48,000
Sales Discounts
Credit Sales Revenue
Accounts Receivable
Other Accounts
48,000
Jun
6 Sales Revenue
Jun
9 ARC - Quick Bolt Coffee
X
8,449
110-1
1,524
X
9,455
8,449 80
1,604
Jun
13 Sales Revenue
9,455
Jun
17 ARC - Con's Coffee
110-6
300
300
Jun
18 ARC - Jandesh's Hot Spot
110-3
3,259
3,259
Jun
20 Sales Revenue
X
10,402
10,402
Jun
27 Sales Revenue
X
11,990
11,990
Jun
29 ARC - KavaJava
110-4
1,355
Jun
30 Sales Revenue
X
4,365
1,355 4,365
Jun Jun Jun Jun Jun Jun Total
99099
Post Reference
(
80
100 )
(
402 )
44661
(
400 )
6518
(
48000
110 )
(
X)
Feedback
CASH RECEIPTS JOURNAL Date
Account
Jun
1 Bank Loan Payable
Jun
6 Sales Revenue
Jun
9 ARC - Quick Bolt Coffee
Post Ref.
Debit Cash
Credit
Sales Discounts
Sales Accounts Other Revenue Receivable Accounts
250
48,000
X
8,449
110-1
1,524
X
9,455
Jun 17 ARC - Con's Coffee
110-6
300
300
Jun 18 ARC - Jandesh's Hot Spot
110-3
3,259
3,259
Jun 20 Sales Revenue
X
10,402
10,402
Jun 27 Sales Revenue
X
11,990
11,990
110-4
1,355
X
4,365
Jun 13 Sales Revenue
Jun 29 ARC - KavaJava Jun 30 Sales Revenue Total Post reference
48,000 8,449 80
1,604 9,455
1,355 4,365
99,099
80
44,661
6,518
48,000
(100)
(402)
(400)
(110)
(X)
(Q=814.cashPaymentsJournalEndMonth)
CASH PAYMENTS JOURNAL
Date
Account
Check No.
Debit
Post Ref.
Accounts Payable
Credit Other Accounts
Purchases
Purchase Discounts
Cash
Jun
3 Purchases
603
X
1,596
1,596
Jun
5 APC - East Tangiers Co-op.
604
210-4
1,239
1,214
25
Jun
6 APC - Klam Wholesalers
605
210-2
2,167
2,145
22
2,330
2,330
Jun
11 APC - Abejundio Coffee
606
210-5
Jun
15 Wages Expense
607
516
Jun
23 APC - Dominga Wholesalers
608
210-3
2,463
2,463
Jun
26 APC - Croup Coffee
609
210-1
4,879
4,879
Jun
29 Wages Expense
610
516
5,155
5,155
Jun
30 Salary Expense
611
545
7,000
7,000
5,506
5,506
Jun Jun Jun Jun Jun Jun Total
13078
Post Reference
(
210 )
1596
(
500 )
17661
(
32288
X)
(
100 )
47
(
502 )
Feedback
CASH PAYMENTS JOURNAL Date
Account
Check No.
Post Ref.
Debit
Credit
Accounts Other Purchases Payable Accounts
Purchase Discounts
Jun
3 Purchases
603
X
Jun
5 APC - East Tangiers Co-op.
604
210-4
1,239
1,214
25
Jun
6 APC - Klam Wholesalers
605
210-2
2,167
2,145
22
Jun 11 APC - Abejundio Coffee
606
210-5
2,330
2,330
Jun 15 Wages Expense
607
516
Jun 23 APC - Dominga Wholesalers
608
210-3
2,463
2,463
Jun 26 APC - Croup Coffee
609
210-1
4,879
4,879
Jun 29 Wages Expense
610
516
5,155
5,155
Jun 30 Salary Expense
611
545
7,000
7,000
Total Post reference
1,596
Cash
1,596
5,506
5,506
13,078
1,596
17,661
32,288
47
(210)
(500)
(X)
(100)
(502)
(Q=815-100.Cash_endMonth)
Account: Cash Account No. 100 Date
Description
Ref.
Debit
Credit
Balance
May
31 Balance
20,023 DR
Jun
30
Total from cash receipts journal
CRJ
99099
0
119122
DR
Jun
30
Total from cash payments journal
CPJ
0
32288
86834
DR
Jun
30
Jun
30 Unadjusted Balance
86834
DR
Feedback
Account: Cash Account No. 100 Date
Description
Ref.
Debit
May
31 Balance
Jun
30 Total from cash receipts journal
CRJ
Jun
30 Total from cash payments journal
CPJ
Jun
30 Unadjusted Balance
Credit
20,023 DR 99,099
119,122 DR 32,288
Description
86,834 DR 86,834 DR
(Q=815-110-0.ARControl_endMonth)
Account: ARC - Accounts Receivable Control Account No. 110 Date
Balance
Ref.
May
31 Balance
Jun
13 Sales return from Jandesh's Hot Spot
Jun
30
Total from sales journal
SJ
Jun
30
Total from cash receipts journal
CRJ
Jun
30
Jun
30
Jun
30 Unadjusted Balance
Debit
Credit
Balance 8,669 DR
GJ
2,921
5,748 DR
6177
0
11925
DR
0
6518
5407
DR
5407
DR
Feedback
Account: ARC - Accounts Receivable Control Account No. 110 Date
Description
Ref.
May
31 Balance
Jun
13 Sales return from Jandesh's Hot Spot
GJ
Jun
30 Total from sales journal
SJ
Jun
30 Total from cash receipts journal
Debit
Credit
Balance 8,669 DR
CRJ
2,921 6,177
5,748 DR 11,925 DR
6,518
5,407 DR
Jun
30 Unadjusted Balance
5,407 DR
(Q=815-210-0.APControl_endMonth)
Account: APC - Accounts Payable Control Account No. 210 Date
Description
Ref.
May
31 Balance
Jun
16 Purchase return to Dominga Wholesalers
Jun
30
Total from purchases journal
PJ
Jun
30
Total from cash payments journal
CPJ
Jun
30
Jun
30
Jun
30 Unadjusted Balance
Debit
Credit
Balance 12,904 CR
GJ
2,253
10,651 CR
0
3687
14338
CR
13078
0
1260
CR
1260
CR
Feedback
Account: APC - Accounts Payable Control Account No. 210 Date
Description
Ref.
Debit
May
31 Balance
Jun
16 Purchase return to Dominga Wholesalers
GJ
Jun
30 Total from purchases journal
PJ
Jun
30 Total from cash payments journal
Jun
30 Unadjusted Balance
Credit
12,904 CR
CPJ
2,253
10,651 CR 3,687
Description
14,338 CR
13,078
1,260 CR 1,260 CR
(Q=815-400.SalesRevenue_endMonth)
Account: Sales Revenue Account No. 400 Date
Balance
Ref.
Debit
Credit
Balance
May
31 Balance
Jun
30
Total from sales journal
SJ
0
6177
6177
CR
Jun
30
Total from cash receipts journal
CRJ
0
44661
50838
CR
Jun
30
Jun
30 Unadjusted Balance
50838
CR
Feedback
Account: Sales Revenue Account No. 400
0
Date
Description
Ref.
May
31 Balance
Jun
30 Total from sales journal
Jun
30 Total from cash receipts journal
Jun
30 Unadjusted Balance
Debit
Credit
Balance 0
SJ
6,177
6,177 CR
CRJ
44,661
50,838 CR 50,838 CR
(Q=815-401.SalesReturns_endMonth)
Account: Sales Returns and Allowances Account No. 401 Date
Description
Ref.
May
31 Balance
Jun
13 Sales return from Jandesh's Hot Spot
Jun
30
Jun
30
Jun
30
Jun
30 Unadjusted Balance
Debit
Credit
Balance 0
GJ
2,921
2,921 DR
2921
DR
Feedback
Account: Sales Returns and Allowances Account No. 401 Date
Description
Ref.
May
31 Balance
Jun
13 Sales return from Jandesh's Hot Spot
Jun
30 Unadjusted Balance
Debit
Credit
Balance 0
GJ
2,921
2,921 DR 2,921 DR
(Q=815-402.SalesDisc_endMonth)
Account: Sales Discounts Account No. 402 Date
Description
May
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30 Unadjusted Balance
Total from cash receipts journal
Feedback
Account: Sales Discounts Account No. 402
Ref.
Debit
Credit
Balance 0
CRJ
80
0
80
DR
80
DR
Date
Description
Ref.
May
31 Balance
Jun
30 Total from cash receipts journal
Jun
30 Unadjusted Balance
Debit
Credit
Balance 0
CRJ
80
80 DR 80 DR
(Q=815-500.Purchases_endMonth)
Account: Purchases Account No. 500 Date
Description
Ref.
Debit
Credit
Balance
May
31 Balance
0
Jun
30
Total from purchases journal
PJ
3687
0
3687
DR
Jun
30
Total from cash payments
CPJ
1596
0
5283
DR
Jun
30
Jun
30 Unadjusted Balance
5283
DR
Feedback
Account: Purchases Account No. 500 Date
Description
May
31 Balance
Jun
30 Total from purchases journal
Jun
30 Total from cash payments journal
Jun
30 Unadjusted Balance
Ref.
Debit
Credit
0 PJ
3,687
3,687 DR
CPJ
1,596
5,283 DR 5,283 DR
(Q=815-501.PurchaseReturns_endMonth)
Account: Purchase Returns and Allowances Account No. 501 Date
Balance
Description
May
31 Balance
Jun
16 Purchase return to Dominga Wholesalers
Jun
30
Jun
30
Jun
30
Jun
30 Unadjusted Balance
Feedback
Account: Purchase Returns and Allowances Account No. 501
Ref.
Debit
Credit
Balance 0
GJ
2,253
2,253 CR
2253
CR
Date
Description
Ref.
May
31 Balance
Jun
16 Purchase return to Dominga Wholesalers
Jun
30 Unadjusted Balance
Debit
Credit
Balance 0
GJ
2,253
2,253 CR 2,253 CR
(Q=815-502.PurchaseDisc_endMonth)
Account: Purchase Discounts Account No. 502 Date
Description
May
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30 Unadjusted Balance
Ref.
Debit
Credit
Balance 0
Total from cash payments journal
CPJ
0
47
47
CR
47
CR
Feedback
Account: Purchase Discounts Account No. 502 Date
Description
May
31 Balance
Jun
30 Total from cash payments journal
Jun
30 Unadjusted Balance
Manual Accounting Practice Set Coffee & Café 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
Ref.
Debit
Credit
Balance 0
CPJ
47
47 CR 47 CR
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