Manual Accounting Practice Set

Hi­Fi 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.

Your progress Your grading

Your grading outcome (still in progress)

  Awarded Total
Points (prior to this page) 614 626
Points (on this page) 120 121
Points (after this page) − 289

Total 734 1,036

 Completed: 59% (approximately)
 Remaining pages will take: up to 7 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 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.

Back­On­Track 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

Invoice Post
Date Account Amount  
No. Ref.
Jun 5 ARC ­ Jerry Technology 501 110­3 1,920  
Jun 13 ARC ­ Radio Hut 502 110­6 680  
Jun 16 ARC ­ Turbo Tech 503 110­5 900  
Jun 25 ARC ­ Radio Hut 504 110­6 720  

Jun

Jun

Jun

Jun

Total 4220    

Post Reference ( 110 )  / ( 400 )   

   Feedback

SALES JOURNAL

Invoice Post
Date Account Amount  
No. Ref.
Jun 5 ARC ­ Jerry Technology 501 110­3 1,920  
Jun 13 ARC ­ Radio Hut 502 110­6 680  
Jun 16 ARC ­ Turbo Tech 503 110­5 900  
Jun 25 ARC ­ Radio Hut 504 110­6 720  
Total 4,220  

Post Reference (110)/(400)  

(Q=812.purchasesJournalEndMonth)

PURCHASES JOURNAL

Post
Date Account Terms Amount  
Ref.

Jun 3 APC ­ Mega Tech net 30 210­3 640  

Jun 3 APC ­ Moon Megasystems 2/10, n/30 210­1 1,410  
Jun 30 APC ­ JCN Electrical 2/10, n/30 210­4 880  

Jun

Jun

Jun

Jun

Total 2930    
Post Reference
( 210 )  / ( 500 )   

   Feedback

PURCHASES JOURNAL

Post
Date Account Terms Amount  
Ref.

Jun 3 APC ­ Mega Tech net 30 210­3 640  

Jun 3 APC ­ Moon Megasystems 2/10, n/30 210­1 1,410  
Jun 30 APC ­ JCN Electrical 2/10, n/30 210­4 880  
Total 2,930  

Post Reference (210)/(500)  

(Q=813.cashReceiptsJournalEndMonth)

CASH RECEIPTS JOURNAL

Debit Credit  
Post
Date Account Cash at Discount Sales Accounts Other
Ref.  
Bank Allowed Revenue Receivable 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 110­1 2,229 248   2,477  
Jun 16 ARC ­ Radio Hut 110­6 600     600  
Jun 19 Sales Revenue X 9,312   9,312    
Jun 20 ARC ­ Jerry Technology 110­3 1,292     1,292  
Jun 26 Sales Revenue X 9,649   9,649    
Jun 30 ARC ­ Hypertronics 110­4 2,592     2,592  
Jun 30 Sales Revenue X 5,878   5,878    
Jun 30 ARC ­ Radio Hut 110­6 ­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
 CASH RECEIPTS JOURNAL

Debit Credit  
Post
Date Account Cash at Discount Sales Accounts Other
Ref.  
Bank Allowed Revenue Receivable 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 110­1 2,229 248   2,477  
Jun 16 ARC ­ Radio Hut 110­6 600     600  
Jun 19 Sales Revenue X 9,312   9,312    
Jun 20 ARC ­ Jerry Technology 110­3 1,292     1,292  
Jun 26 Sales Revenue X 9,649   9,649    
Jun 30 ARC ­ Hypertronics 110­4 2,592     2,592  
Jun 30 Sales Revenue X 5,878   5,878    
Jun 30 ARC ­ Radio Hut 110­6 ­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

Debit Credit  
Cheque Post
Date Account No. Ref. Accounts Other Cash at Discount
Payable
Purchases
Accounts Bank Received
 

Jun 3 APC ­ Pear Technology 903 210­2 2,083     2,062 21  

Jun 5 Purchases 904 X   1,620   1,620    
Jun 7 APC ­ JCN Electrical 905 210­4 2,252     2,207 45  
Jun 13 APC ­ Pony 906 210­5 1,923     1,923    
Jun 15 Wages Expense 907 516     5,595 5,595    
Jun 25 APC ­ Moon Megasystems 908 210­1 5,298     5,298    
Jun 28 APC ­ Mega Tech 909 210­3 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 )   

   Feedback

CASH PAYMENTS JOURNAL

Debit Credit  
Cheque Post
Date Account No. Ref. Accounts Other Cash at Discount
Payable
Purchases
Accounts Bank Received
 

Jun 3 APC ­ Pear Technology 903 210­2 2,083     2,062 21  

Jun 5 Purchases 904 X   1,620   1,620    
Jun 7 APC ­ JCN Electrical 905 210­4 2,252     2,207 45  
Jun 13 APC ­ Pony 906 210­5 1,923     1,923    
Jun 15 Wages Expense 907 516     5,595 5,595    
Jun 25 APC ­ Moon Megasystems 908 210­1 5,298     5,298    
Jun 28 APC ­ Mega Tech 909 210­3 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=815­100.CashAtBank_endMonth)

GENERAL LEDGER
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  

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=815­110­0.ARControl_endMonth)
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 4220 0 12146   DR

Jun 30 Total from cash receipts journal 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=815­210­0.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 purchase journal PJ 0 2930 15071   CR

Jun 30 Total from cash payments journal 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  
 (Q=815­400.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 4220 4220   CR

Jun 30 Total from cash receipts journal 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=815­401.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=815­402.DiscountReceived_endMonth)
Account: Discount Received 
Account No. 402
 Date Description Ref. Debit Credit Balance  

May 31 Balance       0  

Jun 30 Total from cash payments journal 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=815­500.Purchases_endMonth)
Account: Purchases 
Account No. 500

Date Description Ref. Debit Credit Balance  

May 31 Balance       0  

Jun 30 Total from purchases journal PJ 2930 0 2930   DR

Jun 30 Total from cash payments journal CPJ 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=815­501.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  
 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=815­573.DiscountAllowed_endMonth)
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 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
Hi­Fi Way, Australasian Edition 3 (VBA3p)
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