Saved

End of month posting

Your progress

The time frames we provide are a guide only. It may take you more or less time to complete each page.

Your grading

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.

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.

Information from previous pages

• General instructions
• Policies and procedures
• All transactions
• Adjusting entries information
• Trial balance - May
• Schedules of accounts - May
• Inventory cards - May

• Bank reconciliation - May
• Bank statement - June
• Journals and ledgers instructions
• Inventory cards instructions
• Special printing information
• Inventory cards - June

Show AllSpecial JournalsGeneral JournalSubsidiary LedgersGeneral Ledger

(Q=811.salesJournalEndMonth)

SALES JOURNAL

Date		Account	Invoice No.	Post Ref.	Accounts Receivable	Cost of Sales
Jun	10	ARC - Croquet and Cricket	432	110-3	5,160	3,000
Jun	17	ARC - Jump Around	433	110-5	5,616	2,496
Jun	23	ARC - Jump Around	434	110-5	26,880	15,766
Jun	27	ARC - The Locker Room	435	110-6	52,416	24,160
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)
Total
Post Reference					() / ()	() / ()

(Q=812.purchasesJournalEndMonth)

PURCHASES JOURNAL

Date		Account	Terms	Post Ref.	Accounts Payable
Jun	9	APC - Sports 'R Us	net 30	210-6	2,304
Jun	16	APC - Extreme Sports Inc	2/10, n/30	210-1	3,750
Jun	17	APC - Hike	net 30	210-5	5,632
Jun	30	APC - J. J. Spud	2/10, n/30	210-4	4,000
Jun		(select)	terms...net 30net 72/10 n/30
Jun		(select)	terms...net 30net 72/10 n/30
Jun		(select)	terms...net 30net 72/10 n/30
Jun		(select)	terms...net 30net 72/10 n/30
Total
Post Reference					() / ()

(Q=813.cashReceiptsJournalEndMonth)

CASH RECEIPTS JOURNAL

Date		Account	Post Ref.	Debit		Credit			Cost of Sales
				Cash at Bank	Discount Allowed	Sales Revenue	Accounts Receivable	Other Accounts
Jun	4	ARC - Jump Around	110-5	3,401			3,401
Jun	13	ARC - Mick's Sporting Goods	110-1	2,916	324		3,240
Jun	13	Sales Revenue	X	7,992		7,992			3,672
Jun	20	ARC - The Locker Room	110-6	1,300			1,300
Jun	20	Sales Revenue	X	10,752		10,752			6,336
Jun	25	ARC - Croquet and Cricket	110-3	18,451			18,451
Jun	27	Sales Revenue	X	6,880		6,880			4,000
Jun	29	ARC - Great Sports	110-4	4,596			4,596
Jun	29	Sales Revenue	X	43,512		43,512			22,280
Jun	30	ARC - The Locker Room	110-6	-1,300			-1,300
Jun	30	Interest Revenue	403	551				551
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)
Total				99,051
Post Reference				(100)	()	()	()	()	() / ()

(Q=814.cashPaymentsJournalEndMonth)

CASH PAYMENTS JOURNAL

Date		Account	Cheque No.	Post Ref.	Debit				Credit
					Accounts Payable	Inventory	Wages Expense	Other Accounts	Cash at Bank	Discount Received
Jun	1	Prepaid Rent	803	140				9,500	9,500
Jun	2	APC - Sports 'R Us	804	210-6	4,924				4,924
Jun	2	Office Supplies	805	130				567	567
Jun	3	Electricity Payable	806	221				830	830
Jun	4	Wages Payable	807	220			1,260	1,143	2,403
Jun	9	APC - Addax Sports	808	210-2	2,400				2,376	24
Jun	11	APC - Hike	809	210-5	4,330				4,330
Jun	11	APC - Extreme Sports Inc	810	210-1	3,729				3,729
Jun	11	Wages Expense	811	X			1,928		1,928
Jun	18	Wages Expense	812	X			1,629		1,629
Jun	23	APC - Extreme Sports Inc	813	210-1	3,750				3,675	75
Jun	25	Wages Expense	814	X			2,338		2,338
Jun	29	Inventory	815	X		1,440			1,440
Jun	30	Salary Expense	816	545				4,500	4,500
Jun	30	Bank Charges	X	572				11	11
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)
Total									44,180
Post Reference					()	()	()	()	(100)	()

(Q=815-100.CashAtBank_endMonth)