End of Month Posting - Manual Accounting Practice Set

This page provides instructions to perform end of month posting procedure in manual accounting practice set. It explains how 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.

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Manual Accounting Practice Set
Technology Boutique, Australasian Edition 3
Feedback: End of month posting
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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 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.
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Special Journals General Journal Subsidiary Ledgers General Ledger
(Q=811.salesJournalEndMonth)
SALES JOURNAL
Date Account Invoice
No.
Post
Ref.
Accounts
Receivable GST Sales
Revenue Cost of Sales
Jun 6 ARC - Hypertronics 301 110-3 10,890 990 9,900 5,500
Jun 9 ARC - Jerry Technology 302 110-6 53,911 4,901 49,010 24,420
Jun 16 ARC - Handys Electronics 303 110-5 97,559 8,869 88,690 50,690
Jun 23 ARC - Jerry Technology 304 110-6 5,577 507 5,070 2,700
Jun
1)
2)
3)
Show All

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Jun
Jun
Jun
Total 167937 15267 152670 83310
Post Reference ( 110 ) ( 240 ) ( 400 ) ( 120 ) / ( 500 )
Feedback
Solution
SALES JOURNAL
Date Account Invoice
No.
Post
Ref.
Accounts
Receivable GST Sales
Revenue
Cost of
Sales
Jun 6 ARC - Hypertronics 301 110-3 10,890 990 9,900 5,500
Jun 9 ARC - Jerry Technology 302 110-6 53,911 4,901 49,010 24,420
Jun 16 ARC - Handys Electronics 303 110-5 97,559 8,869 88,690 50,690
Jun 23 ARC - Jerry Technology 304 110-6 5,577 507 5,070 2,700
Total 167,937 15,267 152,670 83,310
Post Reference (110) (240) (400) (500)/(120)
(Q=812.purchasesJournalEndMonth)
PURCHASES JOURNAL
Date Account Terms Post
Ref. Inventory GST Accounts
Payable
Jun 2 APC - Moon Megasystems net 30 210-3 12,350 1,235 13,585
Jun 6 APC - Big Telco 2/10, n/30 210-1 17,760 1,776 19,536
Jun 29 APC - Mega Tech 2/10, n/30 210-4 15,540 1,554 17,094
Jun
Jun
Jun
Jun
Total 45650 4565 50215
Post Reference ( 120 ) ( 135 ) ( 210 )
Feedback
Solution
PURCHASES JOURNAL
Date Account Terms Post
Ref. Inventory GST Accounts
Payable
Jun 2 APC - Moon Megasystems net 30 210-3 12,350 1,235 13,585
Jun 6 APC - Big Telco 2/10, n/30 210-1 17,760 1,776 19,536
Jun 29 APC - Mega Tech 2/10, n/30 210-4 15,540 1,554 17,094
Total 45,650 4,565 50,215
Post Reference (120) (135) (210)
(Q=813.cashReceiptsJournalEndMonth)

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CASH RECEIPTS JOURNAL
Note: The two GST columns in this journal refer to the same GST account (being the account that is used to record the GST related to applicable cash receipts).
Date Account Post
Ref.
Debit Credit
Cost of SalesCash at
Bank GST Discount
Allowed
Sales
Revenue GST Accounts
Receivable
Other
Accounts
Jun 4 Sales Revenue X 37,950 34,500 3,450 15,600
Jun 11 Sales Revenue X 3,784 3,440 344 1,680
Jun 14 ARC - Radio Hut 110-1 4,554 46 460 5,060
Jun 16 ARC - Hypertronics 110-3 49,943 49,943
Jun 18 Sales Revenue X 99,176 90,160 9,016 63,700
Jun 20 ARC - Jerry Technology 110-6 27,000 27,000
Jun 25 Sales Revenue X 53,460 48,600 4,860 28,500
Jun 29 ARC - Pikea 110-4 8,747 8,747
Jun 29 Sales Revenue X 18,920 17,200 1,720 9,060
Jun 30 ARC - Jerry Technology 110-6 -27,000 -27,000
Jun 30 Interest Revenue 403 826 826
Jun
Jun
Jun
Jun
Jun
Jun
Total 277,360 46 460 193900 19390 63750 826 118540
Post Reference (100) ( 135 ) ( 573 ) ( 400 ) ( 240 ) ( 110 ) ( X ) ( 500 ) / ( 120 )
Feedback
Solution
CASH RECEIPTS JOURNAL
Date Account Post
Ref.
Debit Credit Cost of
SalesCash at
Bank GST Discount
Allowed
Sales
Revenue GST Accounts
Receivable
Other
Accounts
Jun 4 Sales Revenue X 37,950 34,500 3,450 15,600
Jun 11 Sales Revenue X 3,784 3,440 344 1,680
Jun 14 ARC - Radio Hut 110-1 4,554 46 460 5,060
Jun 16 ARC - Hypertronics 110-3 49,943 49,943
Jun 18 Sales Revenue X 99,176 90,160 9,016 63,700
Jun 20 ARC - Jerry Technology 110-6 27,000 27,000
Jun 25 Sales Revenue X 53,460 48,600 4,860 28,500
Jun 29 ARC - Pikea 110-4 8,747 8,747
Jun 29 Sales Revenue X 18,920 17,200 1,720 9,060
Jun 30 ARC - Jerry Technology 110-6 -27,000 -27,000
Jun 30 Interest Revenue 403 826 826
Total 277,360 46 460 193,900 19,390 63,750 826 118,540
Post reference (100) (240) (573) (400) (240) (110) (X) (500)/(120)
(Q=814.cashPaymentsJournalEndMonth)
CASH PAYMENTS JOURNAL
Note: The two GST columns in this journal refer to the same GST account (being the account that is used to record the GST related to applicable cash payments).
Cheque Post

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Date Account No. Ref. Debit Credit
Accounts
Payable GST Inventory Wages
Expense
Other
Accounts
Cash at
Bank GST Discount
Received
Jun 3 Inventory 772 X 3,900 39,000 42,900
Jun 4 Wages Payable 773 220 6,208 6,500 12,708
Jun 5 APC - Mega Tech 774 210-4 11,550 11,319 21 210
Jun 6 APC - Pear Technology 775 210-2 9,900 9,801 9 90
Jun 10 APC - Pony 776 210-5 9,600 9,600
Jun 10 Electricity Payable 777 221 117 1,170 1,287
Jun 11 Wages Expense 778 X 13,084 13,084
Jun 15 Prepaid Rent 779 140 240 2,400 2,640
Jun 18 Wages Expense 780 X 13,282 13,282
Jun 24 APC - Moon Megasystems 781 210-3 50,870 50,870
Jun 25 Wages Expense 782 X 12,560 12,560
Jun 26 APC - Big Telco 783 210-1 24,720 24,720
Jun 29 Inventory 784 X 1,584 15,840 17,424
Jun 30 Salary Expense 785 545 6,600 6,600
Jun 30 Bank Charges X 572 11 11
Jun
Jun
Jun
Jun
Jun
Jun
Total 106640 5841 54840 45134 16681 228,806 30 300
Post Reference ( 210 ) ( 135 ) ( 120 ) ( 516 ) ( X ) (100) ( 240 ) ( 402 )
Feedback
Solution
CASH PAYMENTS JOURNAL
Date Account Cheque
No.
Post
Ref.
Debit Credit
Accounts
Payable GST Inventory Wages
Expense
Other
Accounts
Cash at
Bank GST Discount
Received
Jun 3 Inventory 772 X 3,900 39,000 42,900
Jun 4 Wages Payable 773 220 6,208 6,500 12,708
Jun 5 APC - Mega Tech 774 210-4 11,550 11,319 21 210
Jun 6 APC - Pear Technology 775 210-2 9,900 9,801 9 90
Jun 10 APC - Pony 776 210-5 9,600 9,600
Jun 10 Electricity Payable 777 221 117 1,170 1,287
Jun 11 Wages Expense 778 X 13,084 13,084
Jun 15 Prepaid Rent 779 140 240 2,400 2,640
Jun 18 Wages Expense 780 X 13,282 13,282
Jun 24 APC - Moon Megasystems 781 210-3 50,870 50,870
Jun 25 Wages Expense 782 X 12,560 12,560
Jun 26 APC - Big Telco 783 210-1 24,720 24,720
Jun 29 Inventory 784 X 1,584 15,840 17,424
Jun 30 Salary Expense 785 545 6,600 6,600
Jun 30 Bank Charges X 572 11 11
Total 106,640 5,841 54,840 45,134 16,681 228,806 30 300
Post reference (210) (135) (120) (516) (X) (100) (135) (402)

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(Q=815-100.CashAtBank_endMonth)
GENERAL LEDGER
Account: Cash at Bank
Account No. 100
Date Description Ref. Debit Credit Balance
May 31 Balance 96,668 DR
Jun 30 Total from cash receipts journal CRJ 277,360 374,028 DR
Jun 30 Total from cash payments journal CPJ 228,806 145,222 DR
Jun 30
Jun 30
Jun 30
Jun 30 Unadjusted Balance 145222 DR
Feedback
Account: Cash at Bank
Account No. 100
Date Description Ref. Debit Credit Balance
May 31 Balance 96,668 DR
Jun 30 Total from cash receipts journal CRJ 277,360 374,028 DR
Jun 30 Total from cash payments journal CPJ 228,806 145,222 DR
Jun 30 Unadjusted Balance 145,222 DR
(Q=815-110-0.ARControl_endMonth)
Account: ARC - Accounts Receivable Control
Account No. 110
Date Description Ref. Debit Credit Balance
May 31 Balance 64,441 DR
Jun 13 Sales return from Hypertronics GJ 3,960 60,481 DR
Jun 30 SJ 167937 0 228418 DR
Jun 30 CRJ 0 63750 164668 DR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 164668 DR
Feedback
Account: ARC - Accounts Receivable Control
Account No. 110
Date Description Ref. Debit Credit Balance
May 31 Balance 64,441 DR
Jun 13 Sales return from Hypertronics GJ 3,960 60,481 DR
Jun 30 Total from sales journal SJ 167,937 228,418 DR
Jun 30 Total from cash receipts journal CRJ 63,750 164,668 DR
Jun 30 Unadjusted Balance 164,668 DR
(Q=815-120.Inventory_endMonth)
Account: Inventory
Account No. 120
Date Description Ref. Debit Credit Balance
Total from sales Journ
Total from Cash Rece

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May 31 Balance 180,070 DR
Jun 13 Sales return from Hypertronics GJ 2,000 182,070 DR
Jun 21 Purchase return to Moon Megasystems GJ 3,900 178,170 DR
Jun 30 SJ 0 83310 94860 DR
Jun 30 PJ 45650 0 140510 DR
Jun 30 CRJ 0 118540 21970 DR
Jun 30 CPJ 54840 0 76810 DR
Jun 30 Unadjusted Balance 76810 DR
Feedback
Account: Inventory
Account No. 120
Date Description Ref. Debit Credit Balance
May 31 Balance 180,070 DR
Jun 13 Sales return from Hypertronics GJ 2,000 182,070 DR
Jun 21 Purchase return to Moon Megasystems GJ 3,900 178,170 DR
Jun 30 Total from sales journal SJ 83,310 94,860 DR
Jun 30 Total from purchases journal PJ 45,650 140,510 DR
Jun 30 Total from cash receipts journal CRJ 118,540 21,970 DR
Jun 30 Total from cash payments journal CPJ 54,840 76,810 DR
Jun 30 Unadjusted Balance 76,810 DR
(Q=815-135.TaxPaid_endMonth)
Account: GST Outlays
Account No. 135
Date Description Ref. Debit Credit Balance
May 31 Balance 11,147 DR
Jun 21 Purchase return to Moon Megasystems GJ 390 10,757 DR
Jun 30 Purchase PJ 4565 0 15322 DR
Jun 30 Discount Allowed CRJ 46 0 15368 DR
Jun 30 CPJ 5841 0 21209 DR
Jun 30
Jun 30 Unadjusted Balance 21209 DR
Feedback
Account: GST Outlays
Account No. 135
Date Description Ref. Debit Credit Balance
May 31 Balance 11,147 DR
Jun 21 Purchase return to Moon Megasystems GJ 390 10,757 DR
Jun 30 Total from purchases journal PJ 4,565 15,322 DR
Jun 30 Total from cash payments journal CPJ 5,841 21,163 DR
Jun 30 Total from cash payments journal CPJ 30 21,133 DR
Jun 30 Unadjusted Balance 21,133 DR
(Q=815-210-0.APControl_endMonth)
Account: APC - Accounts Payable Control
Account No. 210
Date Description Ref. Debit Credit Balance
Total from sales Journ
Total from Purchase J
Total from cash receip
Total from cash paym
Total from Cash paym

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May 31 Balance 77,809 CR
Jun 21 Purchase return to Moon Megasystems GJ 4,290 73,519 CR
Jun 30 PJ 0 50215 123734 CR
Jun 30 CPJ 106640 0 17094 CR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 17094 CR
Feedback
Account: APC - Accounts Payable Control
Account No. 210
Date Description Ref. Debit Credit Balance
May 31 Balance 77,809 CR
Jun 21 Purchase return to Moon Megasystems GJ 4,290 73,519 CR
Jun 30 Total from purchases journal PJ 50,215 123,734 CR
Jun 30 Total from cash payments journal CPJ 106,640 17,094 CR
Jun 30 Unadjusted Balance 17,094 CR
(Q=815-240.TaxCollected_endMonth)
Account: GST Collections
Account No. 240
Date Description Ref. Debit Credit Balance
May 31 Balance 19,577 CR
Jun 13 Sales return from Hypertronics GJ 360 19,217 CR
Jun 30 Sales SJ 0 15267 34484 CR
Jun 30 CRJ 0 19390 53874 CR
Jun 30 CPJ 0 30 53904 DR
Jun 30
Jun 30 Unadjusted Balance 53904 DR
Feedback
Account: GST Collections
Account No. 240
Date Description Ref. Debit Credit Balance
May 31 Balance 19,577 CR
Jun 13 Sales return from Hypertronics GJ 360 19,217 CR
Jun 30 Total from sales journal SJ 15,267 34,484 CR
Jun 30 Total from cash receipts journal CRJ 46 34,438 CR
Jun 30 Total from cash receipts journal CRJ 19,390 53,828 CR
Jun 30 Unadjusted Balance 53,828 CR
(Q=815-400.SalesRevenue_endMonth)
Account: Sales Revenue
Account No. 400
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 SJ 0 152670 152670 CR
Jun 30 CRJ 0 193900 346570 CR
Jun 30
Total from Purchase J
Total from cash paym
Total from cash Rece
Total from Cash Paym
Total from sales Journ
Total from Cash Rece

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Jun 30 Unadjusted Balance 346570 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 152,670 152,670 CR
Jun 30 Total from cash receipts journal CRJ 193,900 346,570 CR
Jun 30 Unadjusted Balance 346,570 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 Hypertronics GJ 3,600 3,600 DR
Jun 30
Jun 30
Jun 30
Jun 30 Unadjusted Balance 3600 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 Hypertronics GJ 3,600 3,600 DR
Jun 30 Unadjusted Balance 3,600 DR
(Q=815-402.DiscountReceived_endMonth)
Account: Discount Received
Account No. 402
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 CPJ 0 300 300 CR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 300 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 300 300 CR
Jun 30 Unadjusted Balance 300 CR
Total from Cash paym

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(Q=815-500.CostOfSales_endMonth)
Account: Cost of Sales
Account No. 500
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 13 Sales return from Hypertronics GJ 2,000 2,000 CR
Jun 30 SJ 83310 0 81310 DR
Jun 30 CRJ 118540 0 199850 DR
Jun 30
Jun 30 Unadjusted Balance 199850 DR
Feedback
Account: Cost of Sales
Account No. 500
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 13 Sales return from Hypertronics GJ 2,000 2,000 CR
Jun 30 Total from sales journal SJ 83,310 81,310 DR
Jun 30 Total from cash receipts journal CRJ 118,540 199,850 DR
Jun 30 Unadjusted Balance 199,850 DR
(Q=815-516.WagesExpense_endMonth)
Account: Wages Expense
Account No. 516
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 CPJ 45134 0 45134 DR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 45134 DR
Feedback
Account: Wages Expense
Account No. 516
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Total from cash payments journal CPJ 45,134 45,134 DR
Jun 30 Unadjusted Balance 45,134 DR
(Q=815-573.DiscountAllowed_endMonth)
Account: Discount Allowed
Account No. 573
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 CRJ 460 0 460 DR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 460 DR
Total from sales Journ
Total from Cash Rece
Total from Cash Paym
Total from Cash Rece

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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 460 460 DR
Jun 30 Unadjusted Balance 460 DR
Manual Accounting Practice Set
Technology Boutique, Australasian Edition 3 (VTA3q)
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