Accounting Practice: Ball-Mart Australasian Edition - End of Month

This document presents a solution to an end-of-month posting assignment within a manual accounting practice set, specifically tailored for the Ball-Mart, Australasian Edition. The solution covers the essential steps of transferring totals from special journals—including the Sales Journal, Purchases Journal, Cash Receipts Journal, and Cash Payments Journal—to their corresponding general ledger accounts. It highlights the importance of totaling columns in special journals, posting these totals to ledger accounts with appropriate posting references, and recording final unadjusted balances in each ledger. The process involves debiting and crediting various accounts, such as Cash at Bank, Accounts Receivable Control, Accounts Payable Control, Sales Revenue, Purchases, and others, to reflect the month's transactions accurately. The solution ensures that all ledger accounts, even those with zero balances, have their Unadjusted Balance row completed for full credit. This detailed walkthrough provides students with a clear understanding of end-of-month posting procedures in a practical accounting context.

6/7/2018 End of month posting
https://www.perdisco.com/elms/qsam/html/qsam.aspx 1/8
Your progress
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.
Your grading
Your grading outcome (still in progress)
Awarded Total
Points (prior to this page) 472 626
Points (on this page) 98 121
Points (after this page) − 289
Total 570 1,036
Manual Accounting Practice Set
Ball-Mart, 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.
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.
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.
Special Journals General Journal Subsidiary Ledgers General Ledger
(Q=811.salesJournalEndMonth)
SALES JOURNAL
Date Account Invoice
No.
Post
Ref. Amount
1)
2)
3)
Show All

6/7/2018 End of month posting
https://www.perdisco.com/elms/qsam/html/qsam.aspx 2/8
Jun 6 ARC - Mick's Sporting Goods 501 110-3 720
Jun 10 ARC - Croquet and Cricket 502 110-6 832
Jun 17 ARC - The Locker Room 503 110-5 928
Jun 25 ARC - Croquet and Cricket 504 110-6 1,886
Jun
Jun
Jun
Jun
Total 4366
Post Reference ( 110 ) / ( 400 )
Feedback
SALES JOURNAL
Date Account Invoice
No.
Post
Ref. Amount
Jun 6 ARC - Mick's Sporting Goods 501 110-3 720
Jun 10 ARC - Croquet and Cricket 502 110-6 832
Jun 17 ARC - The Locker Room 503 110-5 928
Jun 25 ARC - Croquet and Cricket 504 110-6 1,886
Total 4,366
Post Reference (110)/(400)
(Q=812.purchasesJournalEndMonth)
PURCHASES JOURNAL
Date Account Terms Post
Ref. Amount
Jun 3 APC - Hike 2/10, n/30 210-1 1,020
Jun 6 APC - J. J. Spud net 30 210-3 570
Jun 30 APC - Extreme Sports Supplies 2/10, n/30 210-4 1,000
Jun
Jun
Jun
Jun
Total 2590
Post Reference ( 210 ) / ( 500 )
Feedback
PURCHASES JOURNAL
Date Account Terms Post
Ref. Amount
Jun 3 APC - Hike 2/10, n/30 210-1 1,020
Jun 6 APC - J. J. Spud net 30 210-3 570
Jun 30 APC - Extreme Sports Supplies 2/10, n/30 210-4 1,000

6/7/2018 End of month posting
https://www.perdisco.com/elms/qsam/html/qsam.aspx 3/8
Total 2,590
Post Reference (210)/(500)
(Q=813.cashReceiptsJournalEndMonth)
CASH RECEIPTS JOURNAL
Date Account Post
Ref.
Debit Credit
Cash at
Bank
Discount
Allowed Sales Revenue Accounts
Receivable
Other
Accounts
Jun 1 Bank Loan Payable 250 50,000 50,000
Jun 5 Sales Revenue X 6,752 6,752
Jun 8 ARC - Great Sports 110-1 2,441 271 2,712
Jun 12 Sales Revenue X 9,892 9,892
Jun 19 Sales Revenue X 11,920 11,920
Jun 20 ARC - Croquet and Cricket 110-6 300 300
Jun 21 ARC - Mick's Sporting Goods 110-3 2,077 2,077
Jun 26 Sales Revenue X 11,297 11,297
Jun 30 ARC - Jump Around 110-4 3,479 3,479
Jun 30 Sales Revenue X 6,752 6,752
Jun 30 ARC - Croquet and Cricket 110-6 -300 -300
Jun 30 Interest Revenue 403 250 250
Jun
Jun
Jun
Jun
Jun
Jun
Total 104,860 271 45613 8268 50250
Post Reference (100) ( 573 ) ( 400 ) ( 110 ) ( x )
Feedback
CASH RECEIPTS JOURNAL
Date Account Post
Ref.
Debit Credit
Cash at
Bank
Discount
Allowed
Sales
Revenue
Accounts
Receivable
Other
Accounts
Jun 1 Bank Loan Payable 250 50,000 50,000
Jun 5 Sales Revenue X 6,752 6,752
Jun 8 ARC - Great Sports 110-1 2,441 271 2,712
Jun 12 Sales Revenue X 9,892 9,892
Jun 19 Sales Revenue X 11,920 11,920
Jun 20 ARC - Croquet and Cricket 110-6 300 300
Jun 21 ARC - Mick's Sporting Goods 110-3 2,077 2,077
Jun 26 Sales Revenue X 11,297 11,297
Jun 30 ARC - Jump Around 110-4 3,479 3,479
Jun 30 Sales Revenue X 6,752 6,752
Jun 30 ARC - Croquet and Cricket 110-6 -300 -300
Jun 30 Interest Revenue 403 250 250
Total 104,860 271 46,613 8,268 50,250

6/7/2018 End of month posting
https://www.perdisco.com/elms/qsam/html/qsam.aspx 4/8
Post reference (100) (573) (400) (110) (X)
(Q=814.cashPaymentsJournalEndMonth)
CASH PAYMENTS JOURNAL
Date Account Cheque
No.
Post
Ref.
Debit Credit
Accounts
Payable Purchases Other Accounts Cash at
Bank
Discount
Received
Jun 1 Purchases 603 X 513 513
Jun 4 APC - Extreme Sports Supplies 604 210-4 1,686 1,652 34
Jun 5 APC - Good Sports 605 210-2 1,171 1,159 12
Jun 9 APC - Sports 'R Us 606 210-5 2,211 2,211
Jun 15 Wages Expense 607 516 5,432 5,432
Jun 25 APC - J. J. Spud 608 210-3 3,187 3,187
Jun 27 APC - Hike 609 210-1 2,878 2,878
Jun 29 Wages Expense 610 516 5,867 5,867
Jun 30 Salary Expense 611 545 6,300 6,300
Jun 30 Bank Charges X 572 7 7
Jun
Jun
Jun
Jun
Jun
Jun
Total 11133 513 17606 29,206 46
Post Reference ( 210 ) ( 500 ) ( x ) (100) ( 402 )
Feedback
CASH PAYMENTS JOURNAL
Date Account Cheque
No.
Post
Ref.
Debit Credit
Accounts
Payable Purchases Other
Accounts
Cash at
Bank
Discount
Received
Jun 1 Purchases 603 X 513 513
Jun 4 APC - Extreme Sports Supplies 604 210-4 1,686 1,652 34
Jun 5 APC - Good Sports 605 210-2 1,171 1,159 12
Jun 9 APC - Sports 'R Us 606 210-5 2,211 2,211
Jun 15 Wages Expense 607 516 5,432 5,432
Jun 25 APC - J. J. Spud 608 210-3 3,187 3,187
Jun 27 APC - Hike 609 210-1 2,878 2,878
Jun 29 Wages Expense 610 516 5,867 5,867
Jun 30 Salary Expense 611 545 6,300 6,300
Jun 30 Bank Charges X 572 7 7
Total 11,133 513 17,606 29,206 46
Post reference (210) (500) (X) (100) (402)
(Q=815-100.CashAtBank_endMonth)

6/7/2018 End of month posting
https://www.perdisco.com/elms/qsam/html/qsam.aspx 5/8
GENERAL LEDGER
Account: Cash at Bank
Account No. 100
Date Description Ref. Debit Credit Balance
May 31 Balance 29,693 DR
Jun 30 Total from cash receipts journal CRJ 104,860 134,553 DR
Jun 30 Total from cash payments journal CPJ 29,206 105,347 DR
Jun 30
Jun 30
Jun 30
Jun 30 Unadjusted Balance 105347 DR
Feedback
Account: Cash at Bank
Account No. 100
Date Description Ref. Debit Credit Balance
May 31 Balance 29,693 DR
Jun 30 Total from cash receipts journal CRJ 104,860 134,553 DR
Jun 30 Total from cash payments journal CPJ 29,206 105,347 DR
Jun 30 Unadjusted Balance 105,347 DR
(Q=815-110-0.ARControl_endMonth)
Account: ARC - Accounts Receivable Control
Account No. 110
Date Description Ref. Debit Credit Balance
May 31 Balance 11,539 DR
Jun 13 Sales return from Mick's Sporting Goods GJ 2,173 9,366 DR
Jun 30 total from sales SJ 4366 0 13732
Jun 30 cash recipt jaurnal CRJ 0 8268 5464
Jun 30
Jun 30
Jun 30 Unadjusted Balance 5464 DR
Feedback
Account: ARC - Accounts Receivable Control
Account No. 110
Date Description Ref. Debit Credit Balance
May 31 Balance 11,539 DR
Jun 13 Sales return from Mick's Sporting Goods GJ 2,173 9,366 DR
Jun 30 Total from sales journal SJ 4,366 13,732 DR
Jun 30 Total from cash receipts journal CRJ 8,268 5,464 DR
Jun 30 Unadjusted Balance 5,464 DR
(Q=815-210-0.APControl_endMonth)
Account: APC - Accounts Payable Control
Account No. 210

6/7/2018 End of month posting
https://www.perdisco.com/elms/qsam/html/qsam.aspx 6/8
Date Description Ref. Debit Credit Balance
May 31 Balance 11,918 CR
Jun 16 Purchase return to J. J. Spud GJ 2,375 9,543 CR
Jun 30 purchase jaurnal PJ 0 2590 12133 CR
Jun 30 CPJ 11133 0 1000 CR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 1000 CR
Feedback
Account: APC - Accounts Payable Control
Account No. 210
Date Description Ref. Debit Credit Balance
May 31 Balance 11,918 CR
Jun 16 Purchase return to J. J. Spud GJ 2,375 9,543 CR
Jun 30 Total from purchases journal PJ 2,590 12,133 CR
Jun 30 Total from cash payments journal CPJ 11,133 1,000 CR
Jun 30 Unadjusted Balance 1,000 CR
(Q=815-400.SalesRevenue_endMonth)
Account: Sales Revenue
Account No. 400
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 sales jaurnal PJ 0 4366 4366 CR
Jun 30 crj CRJ 0 45613 49979 CR
Jun 30
Jun 30 Unadjusted Balance 49979 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 4,366 4,366 CR
Jun 30 Total from cash receipts journal CRJ 46,613 50,979 CR
Jun 30 Unadjusted Balance 50,979 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 Mick's Sporting Goods GJ 2,173 2,173 DR
Jun 30
Jun 30
cash payment jaurna

6/7/2018 End of month posting
https://www.perdisco.com/elms/qsam/html/qsam.aspx 7/8
Jun 30
Jun 30 Unadjusted Balance 2173 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 Mick's Sporting Goods GJ 2,173 2,173 DR
Jun 30 Unadjusted Balance 2,173 DR
(Q=815-402.DiscountReceived_endMonth)
Account: Discount Received
Account No. 402
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 recived CPJ 0 46 46 CR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 46 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 46 46 CR
Jun 30 Unadjusted Balance 46 CR
(Q=815-500.Purchases_endMonth)
Account: Purchases
Account No. 500
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 purchase jaurnal PJ 2590 0 2590 DR
Jun 30 cash payment CPJ 513 0 3103 DR
Jun 30
Jun 30 Unadjusted Balance 3103 DR
Feedback
Account: Purchases
Account No. 500
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Total from purchases journal PJ 2,590 2,590 DR

6/7/2018 End of month posting
https://www.perdisco.com/elms/qsam/html/qsam.aspx 8/8
Jun 30 Total from cash payments journal CPJ 513 3,103 DR
Jun 30 Unadjusted Balance 3,103 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 J. J. Spud GJ 2,375 2,375 CR
Jun 30
Jun 30
Jun 30
Jun 30 Unadjusted Balance 2375 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 J. J. Spud GJ 2,375 2,375 CR
Jun 30 Unadjusted Balance 2,375 CR
(Q=815-573.DiscountAllowed_endMonth)
Account: Discount Allowed
Account No. 573
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 allowed CRJ 271 0 271 DR
Jun 30
Jun 30
Jun 30 Unadjusted Balance 271 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 271 271 DR
Jun 30 Unadjusted Balance 271 DR
Manual Accounting Practice Set
Ball-Mart, Australasian Edition 3 (VBA3q)
© 2009 - 2014 Perdisco / latin /. v., learn thoroughly
http://www.perdisco.com
Terms Of Use | Privacy Policy | Thursday, June 07, 2018, 19:18