9/28/2020 End of month posting

Manual Accounting Practice Set

Mercedes Blends, Australasian Edition 3

Feedback: End of month posting

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Your grading outcome (still in progress)

Awarded Total
Points (prior to this page) 655 682
Points (on this page) 117 122
Points (after this page) − 246
Total 772 1,050

Completed: 59% (approximately)

Remaining pages will take: up to 7.75 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 completed the June bank reconciliation process, 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 remaining columns in the special journals. Record the amount in the Total row of each journal.

2) Post the totals of the remaining 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.

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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

Invoice Post
Date Account Accounts Receivable Cost of Sales
No. Ref.
Jun 10 ARC - Revamp Coffee Carts 276 110-3 9,500 5,890
Jun 16 ARC - Central Coffee 277 110-5 5,320 2,688
Jun 24 ARC - Central Coffee 278 110-5 40,470 25,200
Jun 26 ARC - Quick Bolt Coffee 279 110-6 8,740 4,480

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Jun

Jun

Jun

Jun

Total 64030 38258

Post Reference ( 110 ) /( 400 ) ( 500 ) /( 120 )

Feedback

SALES JOURNAL

Invoice Post Accounts Cost of

Date Account
No. Ref. Receivable Sales
Jun 10 ARC - Revamp Coffee Carts 276 110-3 9,500 5,890
Jun 16 ARC - Central Coffee 277 110-5 5,320 2,688
Jun 24 ARC - Central Coffee 278 110-5 40,470 25,200
Jun 26 ARC - Quick Bolt Coffee 279 110-6 8,740 4,480
Total 64,030 38,258
Post Reference (110)/(400) (500)/(120)

(Q=812.purchasesJournalEndMonth)

PURCHASES JOURNAL

Post
Date Account Terms Accounts Payable
Ref.
Jun 8 APC - Croup Coffee net 30 210-6 5,950
Jun 17 APC - Abejundio Coffee 2/10, n/30 210-1 4,000
Jun 18 APC - Buena Vista Coffee net 30 210-5 3,360
Jun 30 APC - Jordo Gourmet Coffee 2/10, n/30 210-4 5,600

Jun

Jun

Jun

Jun

Total 18910

Post Reference ( 120 ) /( 210 )

Feedback

PURCHASES JOURNAL

Post Accounts
Date Account Terms
Ref. Payable
Jun 8 APC - Croup Coffee net 30 210-6 5,950
Jun 17 APC - Abejundio Coffee 2/10, n/30 210-1 4,000
Jun 18 APC - Buena Vista Coffee net 30 210-5 3,360
Jun 30 APC - Jordo Gourmet Coffee 2/10, n/30 210-4 5,600
Total 18,910
Post Reference (120)/(210)

(Q=813.cashReceiptsJournalEndMonth)

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CASH RECEIPTS JOURNAL

Debit Credit
Post
Date Account Ref. Cash at Discount Sales Accounts Other
Cost of Sales
Bank Allowed Revenue Receivable Accounts

Jun 2 ARC - Central Coffee 110-5 2,579 2,579

Jun 8 ARC - KavaJava 110-1 4,176 464 4,640
Jun 13 Sales Revenue X 680 680 360
Jun 17 ARC - Quick Bolt Coffee 110-6 2,400 2,400
Jun 20 Sales Revenue X 12,992 12,992 8,560
Jun 24 ARC - Revamp Coffee Carts 110-3 20,585 20,585
Jun 27 Sales Revenue X 20,500 20,500 12,710
Jun 29 Sales Revenue X 11,220 11,220 6,210
Jun 30 ARC - SloZone 110-4 2,175 2,175
Jun 30 ARC - Quick Bolt Coffee 110-6 -2,400 -2,400
Jun 30 Interest Revenue 403 582 582

Jun

Jun

Jun

Jun

Jun

Jun

Total 75,489 464 45392 29979 582 27840

Post Reference (100) ( 573 ) ( 400 ) ( 110 ) ( X) ( 500 ) /( 120 )

Feedback

CASH RECEIPTS JOURNAL

Debit Credit
Post Cost of
Date Account
Ref. Cash at Discount Sales Accounts Other Sales
Bank Allowed Revenue Receivable Accounts

Jun 2 ARC - Central Coffee 110-5 2,579 2,579

Jun 8 ARC - KavaJava 110-1 4,176 464 4,640
Jun 13 Sales Revenue X 680 680 360
Jun 17 ARC - Quick Bolt Coffee 110-6 2,400 2,400
Jun 20 Sales Revenue X 12,992 12,992 8,560
Jun 24 ARC - Revamp Coffee Carts 110-3 20,585 20,585
Jun 27 Sales Revenue X 20,500 20,500 12,710
Jun 29 Sales Revenue X 11,220 11,220 6,210
Jun 30 ARC - SloZone 110-4 2,175 2,175
Jun 30 ARC - Quick Bolt Coffee 110-6 -2,400 -2,400
Jun 30 Interest Revenue 403 582 582
Total 75,489 464 45,392 29,979 582 27,840
Post reference (100) (573) (400) (110) (X) (500)/(120)

(Q=814.cashPaymentsJournalEndMonth)

CASH PAYMENTS JOURNAL

Debit Credit
Cheque Post
Date Account No. Ref. Accounts Wages Other Cash at Discount
Inventory
Payable Expense Accounts Bank Received

Jun 1 Prepaid Rent 694 140 9,000 9,000

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Jun 4 Wages Payable 696 220 1,298 1,143 2,441
Jun 4 Electricity Payable 695 221 813 813
Jun 5 Office Supplies 697 130 302 302
Jun 7 APC - Croup Coffee 698 210-6 3,545 3,545
Jun 10 APC - Dominga Wholesalers 699 210-2 4,500 4,455 45
Jun 11 Wages Expense 700 X 2,340 2,340
Jun 12 APC - Buena Vista Coffee 701 210-5 2,789 2,789
Jun 12 APC - Abejundio Coffee 702 210-1 2,917 2,917
Jun 18 Wages Expense 703 X 1,723 1,723
Jun 22 APC - Abejundio Coffee 704 210-1 4,000 3,920 80
Jun 25 Wages Expense 705 X 2,203 2,203
Jun 29 Inventory 706 X 3,328 3,328
Jun 30 Salary Expense 707 545 4,000 4,000
Jun 30 Bank Charges X 572 9 9

Jun

Jun

Jun

Jun

Jun

Jun

Total 17751 3328 7564 15267 43,785 125

Post Reference ( 210 ) ( 120 ) ( 516 ) ( X) (100) ( 402 )

Feedback

CASH PAYMENTS JOURNAL

Debit Credit
Cheque Post
Date Account No. Ref. Accounts Wages Other Cash at Discount
Inventory
Payable Expense Accounts Bank Received

Jun 1 Prepaid Rent 694 140 9,000 9,000

Jun 4 Wages Payable 696 220 1,298 1,143 2,441
Jun 4 Electricity Payable 695 221 813 813
Jun 5 Office Supplies 697 130 302 302
Jun 7 APC - Croup Coffee 698 210-6 3,545 3,545
Jun 10 APC - Dominga Wholesalers 699 210-2 4,500 4,455 45
Jun 11 Wages Expense 700 X 2,340 2,340
Jun 12 APC - Buena Vista Coffee 701 210-5 2,789 2,789
Jun 12 APC - Abejundio Coffee 702 210-1 2,917 2,917
Jun 18 Wages Expense 703 X 1,723 1,723
Jun 22 APC - Abejundio Coffee 704 210-1 4,000 3,920 80
Jun 25 Wages Expense 705 X 2,203 2,203
Jun 29 Inventory 706 X 3,328 3,328
Jun 30 Salary Expense 707 545 4,000 4,000
Jun 30 Bank Charges X 572 9 9
Total 17,751 3,328 7,564 15,267 43,785 125
Post reference (210) (120) (516) (X) (100) (402)

(Q=815-100.CashAtBank_endMonth)

GENERAL LEDGER
Account: Cash at Bank
Account No. 100
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Date Description Ref. Debit Credit Balance

May 31 Balance 71,358 DR
Jun 30 Total from cash receipts journal CRJ 75,489 146,847 DR
Jun 30 Total from cash payments journal CPJ 43,785 103,062 DR

Jun 30

Jun 30

Jun 30

Jun 30 Unadjusted Balance 103062 DR

Feedback

Account: Cash at Bank

Account No. 100

Date Description Ref. Debit Credit Balance

May 31 Balance 71,358 DR
Jun 30 Total from cash receipts journal CRJ 75,489 146,847 DR
Jun 30 Total from cash payments journal CPJ 43,785 103,062 DR
Jun 30 Unadjusted Balance 103,062 DR

(Q=815-110-0.ARControl_endMonth)
Account: ARC - Accounts Receivable Control
Account No. 110

Date Description Ref. Debit Credit Balance

May 31 Balance 30,401 DR
Jun 20 Sales return from Revamp Coffee Carts GJ 1,500 28,901 DR

Jun 30 total SJ 64030 0 92931 DR

Jun 30 total CRJ 0 29979 62952 DR

Jun 30

Jun 30

Jun 30 Unadjusted Balance 62952 DR

Feedback

Account: ARC - Accounts Receivable Control

Account No. 110

Date Description Ref. Debit Credit Balance

May 31 Balance 30,401 DR
Jun 20 Sales return from Revamp Coffee Carts GJ 1,500 28,901 DR
Jun 30 Total from sales journal SJ 64,030 92,931 DR
Jun 30 Total from cash receipts journal CRJ 29,979 62,952 DR
Jun 30 Unadjusted Balance 62,952 DR

(Q=815-120.Inventory_endMonth)
Account: Inventory
Account No. 120

Date Description Ref. Debit Credit Balance

May 31 Balance 83,088 DR
Jun 20 Sales return from Revamp Coffee Carts GJ 930 84,018 DR
Jun 28 Purchase return to Buena Vista Coffee GJ 1,890 82,128 DR

Jun 30 total SJ 0 38258 43870 DR

Jun 30 PJ
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total 18910 0 62780 DR

Jun 30 total CRJ 0 27840 34940 DR

Jun 30 total CPJ 3328 0 38268 DR

Jun 30 Unadjusted Balance 38268 DR

Feedback

Account: Inventory
Account No. 120

Date Description Ref. Debit Credit Balance

May 31 Balance 83,088 DR
Jun 20 Sales return from Revamp Coffee Carts GJ 930 84,018 DR
Jun 28 Purchase return to Buena Vista Coffee GJ 1,890 82,128 DR
Jun 30 Total from sales journal SJ 38,258 43,870 DR
Jun 30 Total from purchases journal PJ 18,910 62,780 DR
Jun 30 Total from cash receipts journal CRJ 27,840 34,940 DR
Jun 30 Total from cash payments journal CPJ 3,328 38,268 DR
Jun 30 Unadjusted Balance 38,268 DR

(Q=815-210-0.APControl_endMonth)
Account: APC - Accounts Payable Control
Account No. 210

Date Description Ref. Debit Credit Balance

May 31 Balance 44,057 CR
Jun 28 Purchase return to Buena Vista Coffee GJ 1,890 42,167 CR

Jun 30 total PJ 0 18910 61077 CR

Jun 30 total CRJ 17751 0 43326 CR

Jun 30

Jun 30

Jun 30 Unadjusted Balance 43326 CR

Feedback

Account: APC - Accounts Payable Control

Account No. 210

Date Description Ref. Debit Credit Balance

May 31 Balance 44,057 CR
Jun 28 Purchase return to Buena Vista Coffee GJ 1,890 42,167 CR
Jun 30 Total from purchases journal PJ 18,910 61,077 CR
Jun 30 Total from cash payments journal CPJ 17,751 43,326 CR
Jun 30 Unadjusted Balance 43,326 CR

(Q=815-400.SalesRevenue_endMonth)
Account: Sales Revenue
Account No. 400

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun 30 total SJ 0 64030 64030 CR

Jun 30 total CRJ 0 45392 109422 CR

Jun 30

Jun 30 Unadjusted Balance

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109422 CR

Feedback

Account: Sales Revenue

Account No. 400

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 30 Total from sales journal SJ 64,030 64,030 CR
Jun 30 Total from cash receipts journal CRJ 45,392 109,422 CR
Jun 30 Unadjusted Balance 109,422 CR

(Q=815-401.SalesReturns_endMonth)
Account: Sales Returns and Allowances
Account No. 401

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 20 Sales return from Revamp Coffee Carts GJ 1,500 1,500 DR

Jun 30

Jun 30

Jun 30

Jun 30 Unadjusted Balance 1500 DR

Feedback

Account: Sales Returns and Allowances

Account No. 401

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 20 Sales return from Revamp Coffee Carts GJ 1,500 1,500 DR
Jun 30 Unadjusted Balance 1,500 DR

(Q=815-402.DiscountReceived_endMonth)
Account: Discount Received
Account No. 402

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun 30 total CPJ 0 125 125 CR

Jun 30

Jun 30

Jun 30 Unadjusted Balance 125 CR

Feedback

Account: Discount Received

Account No. 402

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 30 Total from cash payments journal CPJ 125 125 CR
Jun 30 Unadjusted Balance 125 CR

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(Q=815-500.CostOfSales_endMonth)
Account: Cost of Sales
Account No. 500

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 20 Sales return from Revamp Coffee Carts GJ 930 930 CR

Jun 30 total SJ 38258 0 37328 DR

Jun 30 total CRJ 27840 0 65168 DR

Jun 30

Jun 30 Unadjusted Balance 65168 DR

Feedback

Account: Cost of Sales

Account No. 500

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 20 Sales return from Revamp Coffee Carts GJ 930 930 CR
Jun 30 Total from sales journal SJ 38,258 37,328 DR
Jun 30 Total from cash receipts journal CRJ 27,840 65,168 DR
Jun 30 Unadjusted Balance 65,168 DR

(Q=815-516.WagesExpense_endMonth)
Account: Wages Expense
Account No. 516

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun 30 total CPJ 7564 0 7564 DR

Jun 30

Jun 30

Jun 30 Unadjusted Balance 7564 DR

Feedback

Account: Wages Expense

Account No. 516

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 30 Total from cash payments journal CPJ 7,564 7,564 DR
Jun 30 Unadjusted Balance 7,564 DR

(Q=815-573.DiscountAllowed_endMonth)
Account: Discount Allowed
Account No. 573

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun 30 total CRJ 464 0 464 DR

Jun 30

Jun 30

Jun 30 Unadjusted Balance 464 DR

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Feedback

Account: Discount Allowed

Account No. 573

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 30 Total from cash receipts journal CRJ 464 464 DR
Jun 30 Unadjusted Balance 464 DR

Manual Accounting Practice Set

Mercedes Blends, Australasian Edition 3 (VSA3q)
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