Manual Accounting Practice Set Coffee & Caf Supplier, US GAAP Edition 3

Feedback: End of month posting

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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)

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 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

Invoice No. 501 502 503 504

Post Ref. 110-3 110-6 110-5 110-6

Amount 2,982 505 2,464 226

/ ( 400 )

Feedback

SALES JOURNAL
Date Account Invoice No. Post Ref. Amount

Jun

7 ARC - Jandesh's Hot Spot

501 110-3 502 110-6 503 110-5 504 110-6

2,982 505 2,464 226 6,177 (110)/(400)

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.

Terms net 30 2/10, n/30 2/10, n/30

Post Ref. 210-3 210-1 210-4

Amount 537 1,890 1,260

/ ( 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)

net 30 210-3 2/10, n/30 210-1 2/10, n/30 210-4

Jun 30 APC - East Tangiers Co-op. Total Post Reference

(Q=813.cashReceiptsJournalEndMonth)

CASH RECEIPTS JOURNAL

Date Jun Account 1 Bank Loan Payable Post Ref. 250 Debit
Cash Sales Discounts Sales Revenue

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

X 110-1 X 110-6 110-3 X X 110-4 X

8,449 1,524 9,455 300 3,259 10,402 11,990 1,355 4,365 80

8,449 1,604 9,455 300 3,259 10,402 11,990 1,355 4,365

99099

80

44661

6518

48000

Post Reference

100 )

402 )

400 )

110 )

X)

Feedback

CASH RECEIPTS JOURNAL

Date Jun Jun Jun Account 1 Bank Loan Payable 6 Sales Revenue 9 ARC - Quick Bolt Coffee Post Ref. 250 X 110-1 X 110-6 110-3 X X 110-4 X Debit
Cash Sales Discounts

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)

CASH PAYMENTS JOURNAL

Date Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Total Post Reference

Account 3 Purchases 5 APC - East Tangiers Co-op. 6 APC - Klam Wholesalers

Check No.

Post Ref.

Debit
Accounts Payable Purchases Other Accounts Cash

Credit
Purchase Discounts

603 604 605 606 607 608 609 610 611

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

CASH PAYMENTS JOURNAL

Date Jun Jun Jun Account 3 Purchases 5 APC - East Tangiers Co-op. 6 APC - Klam Wholesalers
Check No. Post Ref.

Debit
Accounts Other Purchases Payable Accounts

Credit
Cash Purchase Discounts

603 604 605 606 607 608 609 610 611

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

Account: Sales Revenue Account No. 400

Date May Jun Jun Jun 31 Balance

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

6,177 CR 50,838 CR 50,838 CR

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

Account: Sales Discounts Account No. 402

Date May Jun Jun 31 Balance

Description

Ref.

Debit

Credit

Balance 0

30 Total from cash receipts journal 30 Unadjusted Balance

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

Account: Purchase Returns and Allowances Account No. 501

Date May Jun Jun 31 Balance

Description

Ref.

Debit

Credit

Balance 0

16 Purchase return to Dominga Wholesalers 30 Unadjusted Balance

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