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Manual Accounting Practice Set
Hi-Fi Way, Australasian 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.
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
Total the remaining columns in the special journals. Record the
amount in the Total row of each journal.
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.
Record the final unadjusted balance of each ledger account in
the Unadjusted Balance row of each ledger, even for ledgerswith 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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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.
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Special Journals General Journal Subsidiary Ledgers
General Ledger
(Q=811.salesJournalEndMonth)
SALES JOURNAL
Date Account Invoice
No.Post Ref.
Amount
Jun 5 ARC - Jerry Technology 501 110-3 1,920
Jun 13 ARC - Radio Hut 502 110-6 680
Jun 16 ARC - Turbo Tech 503 110-5 900
Jun 25 ARC - Radio Hut 504 110-6 720
Jun
Jun
Jun
Jun
Total 4220
Post Reference ( 110 ) / ( 400 )
Feedback
SALES JOURNAL
Date Account Invoice
No.
Post
Ref.
Amount
Jun 5 ARC - Jerry Technology 501 110-3 1,920
Jun 13 ARC - Radio Hut 502 110-6 680
Jun 16 ARC - Turbo Tech 503 110-5 900
Jun 25 ARC - Radio Hut 504 110-6 720
Total 4,220
Post Reference (110)/(400)
(Q=812.purchasesJournalEndMonth)
PURCHASES JOURNAL
Date Account Terms Post
Ref. Amount
Jun 3 APC - Mega Tech net 30 210-3 640
Jun 3 APC - Moon Megasystems 2/10, n/30 210-1 1,410
Jun 30 APC - JCN Electrical 2/10, n/30 210-4 880
Jun
Jun
Jun
Jun
Total 2930
Show All
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Post Reference
( 210 ) / ( 500 )
Feedback
PURCHASES JOURNAL
Date Account Terms Post
Ref. Amount
Jun 3 APC - Mega Tech net 30 210-3 640
Jun 3 APC - Moon Megasystems 2/10, n/30 210-1 1,410
Jun 30 APC - JCN Electrical 2/10, n/30 210-4 880
Total 2,930
Post Reference (210)/(500)
(Q=813.cashReceiptsJournalEndMonth)
CASH RECEIPTS JOURNAL
Date Account Post
Ref.
Debit Credit
Cash at Bank
Discount Allowed
SalesRevenue
AccountsReceivable
Other Accounts
Jun 1 Bank Loan Payable 250 53,000 53,000
Jun 5 Sales Revenue X 7,369 7,369
Jun 12 Sales Revenue X 9,898 9,898
Jun 13 ARC - Handys Electronics 110-1 2,229 248 2,477
Jun 16 ARC - Radio Hut 110-6 600 600
Jun 19 Sales Revenue X 9,312 9,312
Jun 20 ARC - Jerry Technology 110-3 1,292 1,292
Jun 26 Sales Revenue X 9,649 9,649
Jun 30 ARC - Hypertronics 110-4 2,592 2,592
Jun 30 Sales Revenue X 5,878 5,878
Jun 30 ARC - Radio Hut 110-6 -600 -600
Jun 30 Interest Revenue 403 217 217
Jun
Jun
Jun
Jun
Jun
Jun
Total 101,436 248 42106 6361 217
Post Reference (100) ( 573 ) ( 400 ) ( 110 ) (
X )
Feedback
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CASH RECEIPTS JOURNAL
Date Account Post
Ref.
Debit Credit
Cash at Bank
Discount Allowed
SalesRevenue
AccountsReceivable
Other Accounts
Jun 1 Bank Loan Payable 250 53,000 53,000
Jun 5 Sales Revenue X 7,369 7,369
Jun 12 Sales Revenue X 9,898 9,898
Jun 13 ARC - Handys Electronics 110-1 2,229 248 2,477
Jun 16 ARC - Radio Hut 110-6 600 600
Jun 19 Sales Revenue X 9,312 9,312
Jun 20 ARC - Jerry Technology 110-3 1,292 1,292
Jun 26 Sales Revenue X 9,649 9,649
Jun 30 ARC - Hypertronics 110-4 2,592 2,592
Jun 30 Sales Revenue X 5,878 5,878
Jun 30 ARC - Radio Hut 110-6 -600 -600
Jun 30 Interest Revenue 403 217 217
Total 101,436 248 42,106 6,361 53,217
Post reference (100) (573) (400) (110) (X)
(Q=814.cashPaymentsJournalEndMonth)
CASH PAYMENTS JOURNAL
Date Account Cheque
No.Post Ref.
Debit Credit
Accounts
Payable Purchases
Other
Accounts
Cash at
Bank
Discount
Received
Jun 3 APC - Pear Technology 903 210-2 2,083 2,062 21
Jun 5 Purchases 904 X 1,620 1,620
Jun 7 APC - JCN Electrical 905 210-4 2,252 2,207 45
Jun 13 APC - Pony 906 210-5 1,923 1,923
Jun 15 Wages Expense 907 516 5,595 5,595
Jun 25 APC - Moon Megasystems 908 210-1 5,298 5,298
Jun 28 APC - Mega Tech 909 210-3 2,635 2,635
Jun 29 Wages Expense 910 516 5,137 5,137
Jun 30 Salary Expense 911 545 5,900 5,900
Jun 30 Bank Charges X 572 6 6
Jun
Jun
Jun
Jun
Jun
Jun
Total 14191 1620 16638 32,383 66
Post Reference ( 210 ) ( 500 ) ( X ) (100) (
402 )
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Feedback
CASH PAYMENTS JOURNAL
Date Account Cheque
No.Post Ref.
Debit Credit
AccountsPayable
Purchases Other
AccountsCash at
Bank Discount Received
Jun 3 APC - Pear Technology 903 210-2 2,083 2,062 21
Jun 5 Purchases 904 X 1,620 1,620
Jun 7 APC - JCN Electrical 905 210-4 2,252 2,207 45
Jun 13 APC - Pony 906 210-5 1,923 1,923
Jun 15 Wages Expense 907 516 5,595 5,595
Jun 25 APC - Moon Megasystems 908 210-1 5,298 5,298
Jun 28 APC - Mega Tech 909 210-3 2,635 2,635
Jun 29 Wages Expense 910 516 5,137 5,137
Jun 30 Salary Expense 911 545 5,900 5,900
Jun 30 Bank Charges X 572 6 6
Total 14,191 1,620 16,638 32,383 66
Post reference (210) (500) (X) (100) (402)
(Q=815-100.CashAtBank_endMonth)
GENERAL LEDGER
Account: Cash at Bank
Account No. 100
Date Description Ref. Debit Credit Balance
May 31 Balance 25,647 DR
J un 30 Total from cas h receipts journal CRJ 101,436 127,083 DR
Jun 30 Total from cash payments journal CPJ 32,383 94,700 DR
Jun 30
Jun 30
Jun 30
Jun 30 Unadjusted Balance 94700 DR
Feedback
Account: Cash at Bank
Account No. 100
Date Description Ref. Debit Credit Balance
May 31 Balance 25,647 DR
Jun 30 Total from cash receipts journal CRJ 101,436 127,083 DR
Jun 30 Total from cash payments journal CPJ 32,383 94,700 DR
Jun 30 Unadjusted Balance 94,700 DR
(Q=815-110-0.ARControl_endMonth)
Account: ARC - Accounts Receivable Control
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Account No. 110
Date Description Ref. Debit Credit Balance
May 31 Balance 11,430 DR
Jun 12 Sales return from Jerry Technology GJ 3,504 7,926 DR
Jun 30 Total from sales jou SJ 4220 0 12146 DR
Jun 30 Total from cash rec CRJ 0 6361 5785 DR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 5785 DR
Feedback
Account: ARC - Accounts Receivable Control
Account No. 110
Date Description Ref. Debit Credit Balance
May 31 Balance 11,430 DR
Jun 12 Sales return from Jerry Technology GJ 3,504 7,926 DR
Jun 30 Total from sales journal SJ 4,220 12,146 DR
Jun 30 Total from cash receipts journal CRJ 6,361 5,785 DR
Jun 30 Unadjusted Balance 5,785 DR
(Q=815-210-0.APControl_endMonth)
Account: APC - Accounts Payable Control
Account No. 210
Date Description Ref. Debit Credit Balance
May 31 Balance 14,017 CR
Jun 18 Purchase return to Mega Tech GJ 1,876 12,141 CR
Jun 30 Total from purchas PJ 0 2930 15071 CR
Jun 30 Total from cash pay CPJ 14191 0 880 CR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 880 CR
Feedback
Account: APC - Accounts Payable Control
Account No. 210
Date Description Ref. Debit Credit Balance
May 31 Balance 14,017 CR
Jun 18 Purchase return to Mega Tech GJ 1,876 12,141 CR
Jun 30 Total from purchases journal PJ 2,930 15,071 CR
Jun 30 Total from cash payments journal CPJ 14,191 880 CR
Jun 30 Unadjusted Balance 880 CR
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(Q=815-400.SalesRevenue_endMonth)
Account: Sales Revenue
Account No. 400
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Total from sales jou SJ 0 4220 4220 CR
Jun 30 Total from cash rec CRJ 0 42106 46326 CR
Jun 30
Jun 30 Unadjusted Balance 46326 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 4,220 4,220 CR
Jun 30 Total from cash receipts journal CRJ 42,106 46,326 CR
Jun 30 Unadjusted Balance 46,326 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 12 Sales return from Jerry Technology GJ 3,504 3,504 DR
Jun 30
Jun 30
Jun 30
Jun 30 Unadjusted Balance 3504 DR
Feedback
Account: Sales Returns and Allowances
Account No. 401
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 12 Sales return from Jerry Technology GJ 3,504 3,504 DR
Jun 30 Unadjusted Balance 3,504 DR
(Q=815-402.DiscountReceived_endMonth)
Account: Discount Received
Account No. 402
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Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Total from cash pay CPJ 0 66 66 CR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 66 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 66 66 CR
Jun 30 Unadjusted Balance 66 CR
(Q=815-500.Purchases_endMonth)
Account: Purchases
Account No. 500
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Total from purchas PJ 2930 0 2930 DR
Jun 30 Total from cash payCPJ
1620 0 4550 DR
Jun 30
Jun 30 Unadjusted Balance 4550 DR
Feedback
Account: Purchases
Account No. 500
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Total from purchases journal PJ 2,930 2,930 DR
Jun 30 Total from cash payments journal CPJ 1,620 4,550 DR
Jun 30 Unadjusted Balance 4,550 DR
(Q=815-501.PurchaseReturns_endMonth)
Account: Purchase Returns and Allowances
Account No. 501
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 18 Purchase return to Mega Tech GJ 1,876 1,876 CR
Jun 30
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Jun 30
Jun 30
Jun 30 Unadjusted Balance 1876 CR
Feedback
Account: Purchase Returns and Allowances Account No.
501
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 18 Purchase return to Mega Tech GJ 1,876 1,876 CR
Jun 30 Unadjusted Balance 1,876 CR
(Q=815-573.Di scountAllowed_endMonth)
Account: Discount Allowed
Account No. 573
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Total from cash rec CRJ 248 0 248 DR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 248 DR
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 248 248 DR
Jun 30 Unadjusted Balance 248 DR
Manual Accounting Practice Set Hi-Fi Way, Australasian
Edition 3 (VBA3p)
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