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Manual Accounting Practice SetCoffee & 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 providedhere. After you have reviewed your feedback page, click Continue at the bottom of this page to move on to the next page ofyour practice set.
Now that you have finished recording all of the transactions for the month of June, you are ready to perform the end of monthposting procedure. The purpose of this end of month posting is to transfer the totals from the special journals to the appropriategeneral ledger accounts so that the balances in those ledger accounts reflect all of the transactions that occurred throughout theperiod.
Instructions for end of month posting
Total the columns in the special journals. Record the amount in the Total row of each journal.
Post the totals of the columns in the special journals to their corresponding ledger account. To confirm that the posting hasbeen performed, a posting reference is recorded in the last row of the special journals. If the total of a column is not requiredto 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 filledout in order to receive full points.
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Enter all answers to the nearest whole dollar.You are also required to apply the journals and ledgers instructions provided in previous weeks.
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If you want to print this page, please read and follow the special printing information to ensure you can print the special journalsin full.
Special Journals General Journal Subsidiary Ledgers General Ledger
(Q=811.salesJournalEndMonth)
SALES JOURNAL
Date Account InvoiceNo.
PostRef. Amount
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
Jun
Jun
Jun
Jun
Total 6177
Post Reference ( 110 ) / ( 400 )
Feedback
SALES JOURNAL
Date Account InvoiceNo.
PostRef. Amount
1)
2)
3)
Show All
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 Terms PostRef. Amount
Jun 1 APC - Dominga Wholesalers net 30 210-3 537
Jun 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
Jun
Jun
Jun
Jun
Total 3687
Post Reference ( 210 ) / ( 500 )
Feedback
PURCHASES JOURNAL
Date Account Terms PostRef. Amount
Jun 1 APC - Dominga Wholesalers net 30 210-3 537
Jun 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 Account PostRef.
Debit Credit
Cash SalesDiscounts
SalesRevenue
AccountsReceivable
OtherAccounts
Jun 1 Bank Loan Payable 250 48,000 48,000
Jun 6 Sales Revenue X 8,449 8,449
Jun 9 ARC - Quick Bolt Coffee 110-1 1,524 80 1,604
Jun 13 Sales Revenue X 9,455 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 1,355
Jun 30 Sales Revenue X 4,365 4,365
Jun
Jun
Jun
Jun
Jun
Jun
Total 99099 80 44661 6518 48000
Post Reference ( 100 ) ( 402 ) ( 400 ) ( 110 ) ( X )
Feedback
CASH RECEIPTS JOURNAL
Date Account PostRef.
Debit Credit
Cash SalesDiscounts
SalesRevenue
AccountsReceivable
OtherAccounts
Jun 1 Bank Loan Payable 250 48,000 48,000
Jun 6 Sales Revenue X 8,449 8,449
Jun 9 ARC - Quick Bolt Coffee 110-1 1,524 80 1,604
Jun 13 Sales Revenue X 9,455 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 1,355
Jun 30 Sales Revenue X 4,365 4,365
Total 99,099 80 44,661 6,518 48,000
Post reference (100) (402) (400) (110) (X)
(Q=814.cashPaymentsJournalEndMonth)
CASH PAYMENTS JOURNAL
Date Account CheckNo.
PostRef.
Debit Credit
AccountsPayable Purchases Other
Accounts Cash PurchaseDiscounts
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
Jun 11 APC - Abejundio Coffee 606 210-5 2,330 2,330
Jun 15 Wages Expense 607 516 5,506 5,506
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
Jun
Jun
Jun
Jun
Jun
Jun
Total 13078 1596 17661 32288 47
Post Reference ( 210 ) ( 500 ) ( X ) ( 100 ) ( 502 )
Feedback
CASH PAYMENTS JOURNAL
Date Account CheckNo.
PostRef.
Debit Credit
AccountsPayable Purchases Other
Accounts Cash PurchaseDiscounts
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
Jun 11 APC - Abejundio Coffee 606 210-5 2,330 2,330
Jun 15 Wages Expense 607 516 5,506 5,506
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 13,078 1,596 17,661 32,288 47
Post reference (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 Credit Balance
May 31 Balance 20,023 DR
Jun 30 Total from cash receipts journal CRJ 99,099 119,122 DR
Jun 30 Total from cash payments journal CPJ 32,288 86,834 DR
Jun 30 Unadjusted Balance 86,834 DR
(Q=815-110-0.ARControl_endMonth)Account: ARC - Accounts Receivable Control Account No. 110
Date Description Ref. Debit Credit Balance
May 31 Balance 8,669 DR
Jun 13 Sales return from Jandesh's Hot Spot GJ 2,921 5,748 DR
Jun 30 Total from sales journal SJ 6177 0 11925 DR
Jun 30 Total from cash receipts journal CRJ 0 6518 5407 DR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 5407 DR
Feedback
Account: ARC - Accounts Receivable Control Account No. 110
Date Description Ref. Debit Credit Balance
May 31 Balance 8,669 DR
Jun 13 Sales return from Jandesh's Hot Spot GJ 2,921 5,748 DR
Jun 30 Total from sales journal SJ 6,177 11,925 DR
Jun 30 Total from cash receipts journal CRJ 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. Debit Credit Balance
May 31 Balance 12,904 CR
Jun 16 Purchase return to Dominga Wholesalers GJ 2,253 10,651 CR
Jun 30 Total from purchases journal PJ 0 3687 14338 CR
Jun 30 Total from cash payments journal CPJ 13078 0 1260 CR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 1260 CR
Feedback
Account: APC - Accounts Payable Control Account No. 210
Date Description Ref. Debit Credit Balance
May 31 Balance 12,904 CR
Jun 16 Purchase return to Dominga Wholesalers GJ 2,253 10,651 CR
Jun 30 Total from purchases journal PJ 3,687 14,338 CR
Jun 30 Total from cash payments journal CPJ 13,078 1,260 CR
Jun 30 Unadjusted Balance 1,260 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 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
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Total from sales journal SJ 6,177 6,177 CR
Jun 30 Total from cash receipts journal CRJ 44,661 50,838 CR
Jun 30 Unadjusted Balance 50,838 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 13 Sales return from Jandesh's Hot Spot GJ 2,921 2,921 DR
Jun 30
Jun 30
Jun 30
Jun 30 Unadjusted Balance 2921 DR
Feedback
Account: Sales Returns and Allowances Account No. 401
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 13 Sales return from Jandesh's Hot Spot GJ 2,921 2,921 DR
Jun 30 Unadjusted Balance 2,921 DR
(Q=815-402.SalesDisc_endMonth)Account: Sales Discounts Account No. 402
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Total from cash receipts journal CRJ 80 0 80 DR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 80 DR
Feedback
Account: Sales Discounts Account No. 402
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Total from cash receipts journal CRJ 80 80 DR
Jun 30 Unadjusted Balance 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 Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Total from purchases journal PJ 3,687 3,687 DR
Jun 30 Total from cash payments journal CPJ 1,596 5,283 DR
Jun 30 Unadjusted Balance 5,283 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 16 Purchase return to Dominga Wholesalers GJ 2,253 2,253 CR
Jun 30
Jun 30
Jun 30
Jun 30 Unadjusted Balance 2253 CR
Feedback
Account: Purchase Returns and Allowances Account No. 501
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 16 Purchase return to Dominga Wholesalers GJ 2,253 2,253 CR
Jun 30 Unadjusted Balance 2,253 CR
(Q=815-502.PurchaseDisc_endMonth)Account: Purchase Discounts Account No. 502
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Total from cash payments journal CPJ 0 47 47 CR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 47 CR
Feedback
Account: Purchase Discounts Account No. 502
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Total from cash payments journal CPJ 47 47 CR
Jun 30 Unadjusted Balance 47 CR
Manual Accounting Practice SetCoffee & Café Supplier, US GAAP Edition 3 (VCU3m)© 2010 Perdisco / latin /. v., learn thoroughlyhttp://www.perdisco.comTerms Of Use | Privacy Policy | Friday, May 04, 2012, 11:53
