this is for the calculation of the end of month posting

End of month posting 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 Bank reconciliation - May Policies and procedures Bank statemente - June All transactions Journals and ledgers instructions Adjusting entries information Inventory cards instructions Trial balance - May Special printing information Schedules of accounts - May Inventory cards - June Inventory cards - May SALES JOURNAL Date Account Invoice No. Post Ref. Accounts Recelvable Cost of Sales Jun 297 110-3 110-5 298 Jun Jun 11 ARC - Mick's Sporting Goods 16 ARC - Jump Around 23 ARC - Jump Around 28 ARC - Balls 'n All 10,752 9,520 31,680 23,120 6,016 4,480 18,360 299 110-5 Jun 300 110-6 12,032 Jun select) Jun select) Jun select) Jun select) Total Post Reference PURCHASES JOURNAL Terms Post Ref. 210-6 Accounts Payable 2,800 net 30 Date Account Jun 9 APC - J. J. Spud Jun 15 APC - Extreme Sports Inc Jun 18 APC - Hike Jun 30 APC - Sport Borders 2/10, n/30 210-1 4,800 net 30 210-5 3,744 3,120 2/10, n/30 210-4 Jun select Jun select) Jun select) Jun select Total Post Reference CASH RECEIPTS JOURNAL Date Account Post Ref. Debit Cash at Discount Bank Allowed Cost of Sales Credit Sales Accounts Other Revenue Receivable Accounts 3,952 Jun 110-5 3,952 2,988 Jun 110-1 332 3,320 Jun 9,728 9,728 4,256 Jun 7 ARC - Jump Around 8 ARC - Great Sports 12 Sales Revenue 17 ARC - Balls 'n All 19 Sales Revenue 25 ARC - Mick's Sporting Goods 26 Sales Revenue 2,400 110-6 X Jun 14,280 10,440 Jun 110-3 19,205 Jun 8,064 4,512 2,400 14,280 19,205 8,064 2,779 16,384 -2,400 631 Jun 29 ARC - The Locker Room 110-4 2,779 Jun 29 Sales Revenue 16,384 8,576 30 ARC - Balls 'n All 110-6 -2,400 Jun Jun 30 Interest Revenue 403 631 Jun select Jun select) Jun select) Jun select Jun select) Jun (select Total 78,011 Post Reference (100) Do CASH PAYMENTS JOURNAL Date Account Cheque No. Post Ref. Accounts Payable Debit Wages Other Inventory Expense Accounts 8,300 Credit Cash at Discount Bank Received Jun 140 8,300 731 732 Jun 221 888 888 Jun 733 220 843 1,143 469 1,986 469 Jun 734 130 Jun 3,042 4,100 Jun 735 210-6 736 | 210-2 737 3,042 4,059 1,923 41 Jun 1,923 Jun 738 210-5 4,081 1 Prepaid Rent 3 Electricity Payable 4 Wages Payable 4 Office Supplies 6 APC - J. J. Spud 9 APC - Sports 'R Us 11 Wages Expense 13 APC - Hike 14 APC - Extreme Sports Inc 18 Wages Expense 23 APC - Extreme Sports Inc 25 Wages Expense 30 Inventory 30 Salary Expense 30 Bank Charges select) 4,081 3,013 Jun 739 210-1 Jun 740 2,457 Jun 741210-1 4,800 96 Jun 742 1,633 3,013 2,457 4,704 1,633 3,360 4,900 8 Jun 743 3,360 Jun 744 545 4,900 8 Jun 572 Jun Jun (select) Jun select) Jun select) Jun select) Jun select) Total 44,823 Post Reference (100) GENERAL LEDGER Account: Cash at Bank Account No. 100 Date Ref. Debit Credit Balance 73,905 DR May Jun Description 31 Balance 30 Total from cash receipts journal 30 Total from cash payments journal CRJ 78,011 151,916 DR Jun CPJ 44,823 107,093 DR Jun 30 Jun 30 Jun 30 Jun 30 Unadjusted Balance Account: ARC - Accounts Receivable Control Account No. 110 Date Ref. Debit Credit May Jun Description 31 Balance 20 Sales return from Mick's Sporting Goods 30 Balance 32,418 DR 28,386 DR GJ 4,032 1 Jun Jun 30 Jun 30 Jun 30 Jun 30 Unadjusted Balance Account: Inventory Account No. 120 Date Ref. Debit Credit Balance May Description 31 Balance 20 Sales return from Mick's Sporting Goods 28 Purchase return to Hike GJ 2,256 Jun Jun 98,752 DR 101,008 DR 99,280 DR GJ 1.728 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Unadjusted Balance Account: APC - Accounts Payable Control Account No. 210 Date Ref. Debit Credit Balance Description 31 | Balance May 47,387 CR 45,659 CR Jun 28 Purchase return to Hike GJ 1,728 Jun 30 Jun 30 4 Jun 30 Jun 30 Jun 30 Unadjusted Balance Account: Sales Revenue Account No. 400 Date Ref. Debit Credit Balance Description 31 Balance May 0 Jun 30 Jun 30 Jun 30 Jun 30 Unadjusted Balance Account: Sales Returns and Allowances Account No. 401 Date Ref. Debit Credit Balance May 0 Description 31 Balance 20 Sales return from Mick's Sporting Goods 30 Jun GJ 4,032 4,032 DR Jun Jun 30 Jun 30 Jun 30 Unadjusted Balance Account: Discount Received Account No. 402 Ref. Debit Credit Balance Date May Description 31 Balance 0 Jun 30 Jun 30 Jun 30 Jun 30 Unadjusted Balance Account: Cost of Sales Account No. 500 Date Description Ref. Debit Credit Balance May 31 Balance 0 Jun 20 Sales return from Mick's Sporting Goods GJ 2,256 2,256 CR Jun 30 Jun 30 w Jun 30 AN Jun 30 Unadjusted Balance Account: Wages Expense Account No. 516 Date Description May 31 Balance Ref. Debit Credit Balance 0 Jun 30 4 Jun 30 Jun 30 + Jun 30 Unadjusted Balance Account: Wages Expense Account No. 516 Date Ref. Debit Credit Balance Description 31 Balance May 0 Jun 30 Jun 30 + Jun 30 Jun 30 Unadjusted Balance Account: Discount Allowed Account No. 573 Date Description Ref. Debit Credit Balance May 31 Balance 0 Jun 30 Jun 30 Jun 30 + Jun 30 Unadjusted Balance End of month posting 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 Bank reconciliation - May Policies and procedures Bank statemente - June All transactions Journals and ledgers instructions Adjusting entries information Inventory cards instructions Trial balance - May Special printing information Schedules of accounts - May Inventory cards - June Inventory cards - May SALES JOURNAL Date Account Invoice No. Post Ref. Accounts Recelvable Cost of Sales Jun 297 110-3 110-5 298 Jun Jun 11 ARC - Mick's Sporting Goods 16 ARC - Jump Around 23 ARC - Jump Around 28 ARC - Balls 'n All 10,752 9,520 31,680 23,120 6,016 4,480 18,360 299 110-5 Jun 300 110-6 12,032 Jun select) Jun select) Jun select) Jun select) Total Post Reference PURCHASES JOURNAL Terms Post Ref. 210-6 Accounts Payable 2,800 net 30 Date Account Jun 9 APC - J. J. Spud Jun 15 APC - Extreme Sports Inc Jun 18 APC - Hike Jun 30 APC - Sport Borders 2/10, n/30 210-1 4,800 net 30 210-5 3,744 3,120 2/10, n/30 210-4 Jun select Jun select) Jun select) Jun select Total Post Reference CASH RECEIPTS JOURNAL Date Account Post Ref. Debit Cash at Discount Bank Allowed Cost of Sales Credit Sales Accounts Other Revenue Receivable Accounts 3,952 Jun 110-5 3,952 2,988 Jun 110-1 332 3,320 Jun 9,728 9,728 4,256 Jun 7 ARC - Jump Around 8 ARC - Great Sports 12 Sales Revenue 17 ARC - Balls 'n All 19 Sales Revenue 25 ARC - Mick's Sporting Goods 26 Sales Revenue 2,400 110-6 X Jun 14,280 10,440 Jun 110-3 19,205 Jun 8,064 4,512 2,400 14,280 19,205 8,064 2,779 16,384 -2,400 631 Jun 29 ARC - The Locker Room 110-4 2,779 Jun 29 Sales Revenue 16,384 8,576 30 ARC - Balls 'n All 110-6 -2,400 Jun Jun 30 Interest Revenue 403 631 Jun select Jun select) Jun select) Jun select Jun select) Jun (select Total 78,011 Post Reference (100) Do CASH PAYMENTS JOURNAL Date Account Cheque No. Post Ref. Accounts Payable Debit Wages Other Inventory Expense Accounts 8,300 Credit Cash at Discount Bank Received Jun 140 8,300 731 732 Jun 221 888 888 Jun 733 220 843 1,143 469 1,986 469 Jun 734 130 Jun 3,042 4,100 Jun 735 210-6 736 | 210-2 737 3,042 4,059 1,923 41 Jun 1,923 Jun 738 210-5 4,081 1 Prepaid Rent 3 Electricity Payable 4 Wages Payable 4 Office Supplies 6 APC - J. J. Spud 9 APC - Sports 'R Us 11 Wages Expense 13 APC - Hike 14 APC - Extreme Sports Inc 18 Wages Expense 23 APC - Extreme Sports Inc 25 Wages Expense 30 Inventory 30 Salary Expense 30 Bank Charges select) 4,081 3,013 Jun 739 210-1 Jun 740 2,457 Jun 741210-1 4,800 96 Jun 742 1,633 3,013 2,457 4,704 1,633 3,360 4,900 8 Jun 743 3,360 Jun 744 545 4,900 8 Jun 572 Jun Jun (select) Jun select) Jun select) Jun select) Jun select) Total 44,823 Post Reference (100) GENERAL LEDGER Account: Cash at Bank Account No. 100 Date Ref. Debit Credit Balance 73,905 DR May Jun Description 31 Balance 30 Total from cash receipts journal 30 Total from cash payments journal CRJ 78,011 151,916 DR Jun CPJ 44,823 107,093 DR Jun 30 Jun 30 Jun 30 Jun 30 Unadjusted Balance Account: ARC - Accounts Receivable Control Account No. 110 Date Ref. Debit Credit May Jun Description 31 Balance 20 Sales return from Mick's Sporting Goods 30 Balance 32,418 DR 28,386 DR GJ 4,032 1 Jun Jun 30 Jun 30 Jun 30 Jun 30 Unadjusted Balance Account: Inventory Account No. 120 Date Ref. Debit Credit Balance May Description 31 Balance 20 Sales return from Mick's Sporting Goods 28 Purchase return to Hike GJ 2,256 Jun Jun 98,752 DR 101,008 DR 99,280 DR GJ 1.728 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Unadjusted Balance Account: APC - Accounts Payable Control Account No. 210 Date Ref. Debit Credit Balance Description 31 | Balance May 47,387 CR 45,659 CR Jun 28 Purchase return to Hike GJ 1,728 Jun 30 Jun 30 4 Jun 30 Jun 30 Jun 30 Unadjusted Balance Account: Sales Revenue Account No. 400 Date Ref. Debit Credit Balance Description 31 Balance May 0 Jun 30 Jun 30 Jun 30 Jun 30 Unadjusted Balance Account: Sales Returns and Allowances Account No. 401 Date Ref. Debit Credit Balance May 0 Description 31 Balance 20 Sales return from Mick's Sporting Goods 30 Jun GJ 4,032 4,032 DR Jun Jun 30 Jun 30 Jun 30 Unadjusted Balance Account: Discount Received Account No. 402 Ref. Debit Credit Balance Date May Description 31 Balance 0 Jun 30 Jun 30 Jun 30 Jun 30 Unadjusted Balance Account: Cost of Sales Account No. 500 Date Description Ref. Debit Credit Balance May 31 Balance 0 Jun 20 Sales return from Mick's Sporting Goods GJ 2,256 2,256 CR Jun 30 Jun 30 w Jun 30 AN Jun 30 Unadjusted Balance Account: Wages Expense Account No. 516 Date Description May 31 Balance Ref. Debit Credit Balance 0 Jun 30 4 Jun 30 Jun 30 + Jun 30 Unadjusted Balance Account: Wages Expense Account No. 516 Date Ref. Debit Credit Balance Description 31 Balance May 0 Jun 30 Jun 30 + Jun 30 Jun 30 Unadjusted Balance Account: Discount Allowed Account No. 573 Date Description Ref. Debit Credit Balance May 31 Balance 0 Jun 30 Jun 30 Jun 30 + Jun 30 Unadjusted Balance