End of month posting
16/9/2023, 10:54 pm
Manual Accounting Practice Set
Disc-O-Tech, 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)
748
837
Points (on this page)
182
182
−
262
Points (after this page)
Total
Completed:
930 1,281
67% (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.
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.
https://www.perdisco.com/elms/qsam/html/qsam.aspx
Page 1 of 12
End of month posting
16/9/2023, 10:54 pm
Show All Special Journals
General Journal Subsidiary Ledgers General Ledger
(Q=811.salesJournalEndMonth)
SALES JOURNAL
Date
Account
Invoice
No.
Post
Ref.
Accounts
Receivable
Sales
Revenue
GST
Cost of Sales
Jun
4 ARC - D-Funkt Records
457
110-3
7,106
646
6,460
3,230
Jun
8 ARC - KB Lo-Fi
458
110-6
63,800
5,800
58,000
23,800
Jun
16 ARC - Council Records
459
110-5
71,687
6,517
65,170
34,060
Jun
23 ARC - KB Lo-Fi
460
110-6
1,100
100
1,000
500
Jun
Jun
Jun
Jun
Total
143693
Post Reference
(
110 )
13063
130630
61590
( 240 )
( 400 )
( 500 )
/(
120 )
Feedback
Solution
SALES JOURNAL
Date
Account
Invoice
No.
Post
Ref.
Accounts
Receivable
GST
Sales
Revenue
Cost of
Sales
Jun
4 ARC - D-Funkt Records
457 110-3
7,106
646
6,460
3,230
Jun
8 ARC - KB Lo-Fi
458 110-6
63,800
5,800
58,000
23,800
Jun 16 ARC - Council Records
459 110-5
71,687
6,517
65,170
34,060
Jun 23 ARC - KB Lo-Fi
460 110-6
1,100
100
1,000
500
143,693 13,063
130,630
61,590
Total
Post Reference
(110)
(240)
(400) (500)/(120)
(Q=812.purchasesJournalEndMonth)
PURCHASES JOURNAL
Date
Account
Post
Ref.
Inventory
2/10, n/30 210-1
5,100
510
5,610
Terms
GST
Accounts
Payable
Jun
1 APC - Toadstool records
Jun
3 APC - Phin records
net 30 210-3
3,000
300
3,300
Jun
29 APC - Mac records
2/10, n/30 210-4
5,780
578
6,358
Jun
Jun
Jun
https://www.perdisco.com/elms/qsam/html/qsam.aspx
Page 2 of 12
End of month posting
16/9/2023, 10:54 pm
Jun
Total
Post Reference
13880
1388
120 )
( 135 )
(
15268
(
210 )
Feedback
Solution
PURCHASES JOURNAL
Date
Post
Ref.
Inventory
GST
2/10, n/30 210-1
5,100
510
5,610
Account
Terms
Accounts
Payable
Jun
1 APC - Toadstool records
Jun
3 APC - Phin records
net 30 210-3
3,000
300
3,300
Jun 29 APC - Mac records
2/10, n/30 210-4
5,780
578
6,358
13,880 1,388
15,268
Total
Post Reference
(120)
(135)
(210)
(Q=813.cashReceiptsJournalEndMonth)
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
Jun
Account
6 Sales Revenue
Post
Ref.
Debit
Cash at
Bank
X
36,036
110-1
4,554
X
15,312
Credit
Discount
Allowed
GST
Sales
Revenue
32,760
46
GST
Accounts
Receivable
Other
Accounts
Cost of Sal
3,276
Jun
10 ARC - Mira Ball Records
460
5,060
Jun
13 Sales Revenue
Jun
16 ARC - D-Funkt Records
110-3
50,112
50,112
Jun
19 ARC - KB Lo-Fi
110-6
32,500
32,500
Jun
20 Sales Revenue
X
33,858
30,780
3,078
Jun
27 Sales Revenue
X
57,266
52,060
5,206
Jun
29 ARC - Dan Serr
110-4
5,898
Jun
29 Sales Revenue
X
27,434
Jun
30 ARC - KB Lo-Fi
110-6
-32,500
Jun
30 Interest Revenue
403
550
13,920
1,392
5,898
24,940
2,494
-32,500
550
Jun
Jun
Jun
Jun
Jun
Jun
Total
https://www.perdisco.com/elms/qsam/html/qsam.aspx
231,020
46
460
154460
15446
61070
550
Page 3 of 12
End of month posting
16/9/2023, 10:54 pm
Post Reference
(100) ( 240 )
( 573 )
( 400 )
( 240 )
(
110 )
(
X)
( 500 )
/
Feedback
Solution
CASH RECEIPTS JOURNAL
Date
Jun
Account
6 Sales Revenue
Debit
Post
Ref.
Cash at
Bank
Credit
Discount
Allowed
GST
Sales
Revenue
Accounts
Other
Receivable Accounts
Cost of
Sales
X
36,036
110-1
4,554
X
15,312
Jun 16 ARC - D-Funkt Records
110-3
50,112
50,112
Jun 19 ARC - KB Lo-Fi
110-6
32,500
32,500
Jun 20 Sales Revenue
X
33,858
30,780
3,078
22,800
Jun 27 Sales Revenue
X
57,266
52,060
5,206
26,630
Jun 29 ARC - Dan Serr
110-4
5,898
Jun 29 Sales Revenue
X
27,434
Jun 30 ARC - KB Lo-Fi
110-6
-32,500
403
550
Jun 10 ARC - Mira Ball Records
Jun 13 Sales Revenue
Jun 30 Interest Revenue
Total
32,760
GST
46
460
15,470
5,060
13,920
1,392
5,760
5,898
24,940
2,494
11,160
-32,500
550
231,020
46
(100)
(240)
Post reference
3,276
460 154,460 15,446
(573)
(400)
(240)
61,070
550
(110)
81,820
(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).
Date
Account
Cheque
No.
Post
Ref.
Debit
Accounts
Payable
GST
Inventory
Credit
Wages
Expense
Other
Accounts
19,250
Cash at
Bank
Jun
1 APC - Mac records
619 210-4
18,865
Jun
2 Inventory
620
X
Jun
4 Wages Payable
621
220
Jun
6 APC - Promiscuous records
622 210-2
6,600
6,534
9,000
9,000
560
5,600
35
6,160
1,418
1,250
2,668
Jun
11 APC - Global records
623 210-5
Jun
11 Wages Expense
625
X
Jun
11 Electricity Payable
624
221
121
1,210
1,331
Jun
15 Prepaid Rent
626
140
360
3,600
3,960
Jun
18 Wages Expense
627
X
Jun
23 APC - Toadstool records
628 210-1
Jun
25 Wages Expense
629
Jun
26 APC - Phin records
630 210-3
Jun
30 Inventory
631
X
Jun
30 Salary Expense
632
545
https://www.perdisco.com/elms/qsam/html/qsam.aspx
GST
2,654
6
2,654
2,671
2,671
15,138
15,138
X
2,840
2,840
47,502
47,502
400
4,000
4,400
5,300
5,300
Page 4 of 12
End of month posting
Jun
16/9/2023, 10:54 pm
30 Bank Charges
X
572
10
10
Jun
Jun
Jun
Jun
Jun
Jun
Total
Post Reference
(
97490
1441
210 )
( 135 )
9600
9583
120 )
( 516 )
(
11370
(
X)
129,033
41
(100) ( 135 )
Feedback
Solution
CASH PAYMENTS JOURNAL
Date
Account
Cheque
No.
Post
Ref.
Debit
Accounts
Payable
GST
Credit
Wages
Other
Inventory
Expense Accounts
Jun
1 APC - Mac records
619
210-4
Jun
2 Inventory
620
X
Jun
4 Wages Payable
621
220
Jun
6 APC - Promiscuous records
622
210-2
6,600
6,534
Jun 11 APC - Global records
623
210-5
9,000
9,000
Jun 11 Wages Expense
625
X
Jun 11 Electricity Payable
624
221
121
1,210
1,331
Jun 15 Prepaid Rent
626
140
360
3,600
3,960
Jun 18 Wages Expense
627
X
Jun 23 APC - Toadstool records
628
210-1
Jun 25 Wages Expense
629
X
Jun 26 APC - Phin records
630
210-3
Jun 30 Inventory
631
X
Jun 30 Salary Expense
632
545
5,300
5,300
X
572
10
10
Jun 30 Bank Charges
Total
Post reference
19,250
Cash at
Bank
18,865
560
5,600
Discount
Received
GST
35
350
6
60
41
410
(135)
(402)
6,160
1,418
1,250
2,654
2,668
2,654
2,671
2,671
15,138
15,138
2,840
2,840
47,502
47,502
400
4,000
4,400
97,490
1,441
9,600
9,583
(210)
(135)
(120)
(516)
11,370 129,033
(X)
(100)
(Q=815-100.CashAtBank_endMonth)
GENERAL LEDGER
Account: Cash at Bank
Account No. 100
Date
May
Description
31 Balance
https://www.perdisco.com/elms/qsam/html/qsam.aspx
Ref.
Debit
Credit
Balance
65,047 DR
Page 5 of 12
End of month posting
16/9/2023, 10:54 pm
Jun
30 Total from cash receipts journal
CRJ
Jun
30 Total from cash payments journal
CPJ
Jun
30
Jun
30
Jun
30
Jun
30 Unadjusted Balance
231,020
296,067 DR
129,033
167,034 DR
167034
DR
Feedback
Account: Cash at Bank
Account No. 100
Date
Description
Ref.
Debit
May
31 Balance
Jun
30 Total from cash receipts journal
CRJ
Jun
30 Total from cash payments journal
CPJ
Jun
30 Unadjusted Balance
Credit
Balance
65,047 DR
231,020
296,067 DR
129,033
167,034 DR
167,034 DR
(Q=815-110-0.ARControl_endMonth)
Account: ARC - Accounts Receivable Control
Account No. 110
Date
Description
Ref.
May
31 Balance
Jun
14 Sales return from D-Funkt Records
Jun
30
Total from Sales Journal
SJ
Jun
30
Total from Cash receipts journal
CRJ
Jun
30
Jun
30
Jun
30 Unadjusted Balance
Debit
Credit
Balance
63,554 DR
GJ
3,344
60,210 DR
143693
0
203903
DR
0
61070
142833
DR
142833
DR
Feedback
Account: ARC - Accounts Receivable Control
Account No. 110
Date
Description
Ref.
May
31 Balance
Jun
14 Sales return from D-Funkt Records
GJ
Jun
30 Total from sales journal
SJ
Jun
30 Total from cash receipts journal
Jun
30 Unadjusted Balance
Debit
Credit
Balance
63,554 DR
3,344
143,693
CRJ
60,210 DR
203,903 DR
61,070
142,833 DR
142,833 DR
(Q=815-120.Inventory_endMonth)
Account: Inventory
Account No. 120
Date
Description
https://www.perdisco.com/elms/qsam/html/qsam.aspx
Ref.
Debit
Credit
Balance
Page 6 of 12
End of month posting
16/9/2023, 10:54 pm
Date
Description
Ref.
Debit
Credit
Balance
May
31 Balance
139,930 DR
Jun
14 Sales return from D-Funkt Records
GJ
Jun
21 Purchase return to Phin records
GJ
Jun
30
SJ total
SJ
0
61590
78260
DR
Jun
30
PJ total
PJ
13880
0
92140
DR
Jun
30
CRJ total
CRJ
0
81820
10320
DR
Jun
30
CPJ total
CPJ
9600
0
19920
DR
Jun
30 Unadjusted Balance
19920
DR
1,520
141,450 DR
1,600
139,850 DR
Feedback
Account: Inventory
Account No. 120
Date
Description
Ref.
Debit
Credit
Balance
May
31 Balance
139,930 DR
Jun
14 Sales return from D-Funkt Records
GJ
Jun
21 Purchase return to Phin records
GJ
1,600
139,850 DR
Jun
30 Total from sales journal
SJ
61,590
78,260 DR
Jun
30 Total from purchases journal
PJ
Jun
30 Total from cash receipts journal
CRJ
Jun
30 Total from cash payments journal
CPJ
Jun
30 Unadjusted Balance
1,520
141,450 DR
13,880
92,140 DR
81,820
10,320 DR
9,600
19,920 DR
19,920 DR
(Q=815-135.TaxPaid_endMonth)
Account: GST Outlays
Account No. 135
Date
Description
Ref.
Debit
Credit
Balance
May
31 Balance
19,224 DR
Jun
21 Purchase return to Phin records
Jun
30
PJ total
PJ
1388
0
20452
DR
Jun
30
CPJ total
CPJ
1441
0
21893
DR
Jun
30
CPJ total
CPJ
0
41
21852
DR
Jun
30
Jun
30 Unadjusted Balance
21852
DR
GJ
160
19,064 DR
Feedback
Account: GST Outlays
Account No. 135
Date
Description
Ref.
May
31 Balance
Jun
21 Purchase return to Phin records
GJ
Jun
30 Total from purchases journal
PJ
https://www.perdisco.com/elms/qsam/html/qsam.aspx
Debit
Credit
Balance
19,224 DR
160
1,388
19,064 DR
20,452 DR
Page 7 of 12
End of month posting
16/9/2023, 10:54 pm
Jun
30 Total from cash payments journal
CPJ
Jun
30 Total from cash payments journal
CPJ
Jun
30 Unadjusted Balance
1,441
21,893 DR
41
21,852 DR
21,852 DR
(Q=815-210-0.APControl_endMonth)
Account: APC - Accounts Payable Control
Account No. 210
Date
Description
Ref.
May
31 Balance
Jun
21 Purchase return to Phin records
Jun
30
PJ total
PJ
Jun
30
CPJ total
CPJ
Jun
30
Jun
30
Jun
30 Unadjusted Balance
Debit
Credit
Balance
90,340 CR
GJ
1,760
88,580 CR
0
15268
103848
CR
97490
0
6358
CR
6358
CR
Feedback
Account: APC - Accounts Payable Control
Account No. 210
Date
Description
Ref.
May
31 Balance
Jun
21 Purchase return to Phin records
GJ
Jun
30 Total from purchases journal
PJ
Jun
30 Total from cash payments journal
Jun
30 Unadjusted Balance
Debit
Credit
Balance
90,340 CR
CPJ
1,760
88,580 CR
15,268
103,848 CR
97,490
6,358 CR
6,358 CR
(Q=815-240.TaxCollected_endMonth)
Account: GST Collections
Account No. 240
Date
Description
Ref.
May
31 Balance
Jun
14 Sales return from D-Funkt Records
Jun
30
SJ total
SJ
Jun
30
CRJ total
Jun
30
CRJ total
Jun
30
Jun
30 Unadjusted Balance
Debit
Credit
Balance
13,576 CR
GJ
304
13,272 CR
0
13063
26335
CR
CRJ
46
0
26289
CR
CRJ
0
15446
41735
CR
41735
CR
Feedback
Account: GST Collections
Account No. 240
https://www.perdisco.com/elms/qsam/html/qsam.aspx
Page 8 of 12
End of month posting
16/9/2023, 10:54 pm
Date
Description
Ref.
Debit
May
31 Balance
Jun
14 Sales return from D-Funkt Records
GJ
Jun
30 Total from sales journal
SJ
Jun
30 Total from cash receipts journal
CRJ
Jun
30 Total from cash receipts journal
CRJ
Jun
30 Unadjusted Balance
Credit
Balance
13,576 CR
304
13,272 CR
13,063
26,335 CR
46
26,289 CR
15,446
41,735 CR
41,735 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 total
SJ
0
130630
130630
CR
Jun
30
CRJ total
CRJ
0
154460
285090
CR
Jun
30
Jun
30 Unadjusted Balance
285090
CR
Feedback
Account: Sales Revenue
Account No. 400
Date
Description
May
31 Balance
Jun
30 Total from sales journal
Jun
30 Total from cash receipts journal
Jun
30 Unadjusted Balance
Ref.
Debit
Credit
Balance
0
SJ
130,630
130,630 CR
CRJ
154,460
285,090 CR
285,090 CR
(Q=815-401.SalesReturns_endMonth)
Account: Sales Returns and Allowances
Account No. 401
Date
Description
May
31 Balance
Jun
14 Sales return from D-Funkt Records
Jun
30
Jun
30
Jun
30
Jun
30 Unadjusted Balance
Ref.
Debit
Credit
Balance
0
GJ
3,040
3,040 DR
3040
DR
Feedback
Account: Sales Returns and Allowances
Account No. 401
Date
Description
https://www.perdisco.com/elms/qsam/html/qsam.aspx
Ref.
Debit
Credit
Balance
Page 9 of 12
End of month posting
16/9/2023, 10:54 pm
May
31 Balance
0
Jun
14 Sales return from D-Funkt Records
Jun
30 Unadjusted Balance
GJ
3,040
3,040 DR
3,040 DR
(Q=815-402.DiscountReceived_endMonth)
Account: Discount Received
Account No. 402
Date
Description
May
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30 Unadjusted Balance
Ref.
Debit
Credit
Balance
0
CPJ
CPJ total
0
410
410
CR
410
CR
Feedback
Account: Discount Received
Account No. 402
Date
Description
May
31 Balance
Jun
30 Total from cash payments journal
Jun
30 Unadjusted Balance
Ref.
Debit
Credit
Balance
0
CPJ
410
410 CR
410 CR
(Q=815-500.CostOfSales_endMonth)
Account: Cost of Sales
Account No. 500
Date
Description
Ref.
Debit
Credit
Balance
May
31 Balance
0
Jun
14 Sales return from D-Funkt Records
Jun
30
SJ total
SJ
61590
0
60070
DR
Jun
30
CRJ total
CRJ
81820
0
141890
DR
Jun
30
Jun
30 Unadjusted Balance
141890
DR
GJ
1,520
1,520 CR
Feedback
Account: Cost of Sales
Account No. 500
Date
Description
May
31 Balance
Jun
14 Sales return from D-Funkt Records
Jun
30 Total from sales journal
Jun
30 Total from cash receipts journal
https://www.perdisco.com/elms/qsam/html/qsam.aspx
Ref.
Debit
Credit
Balance
0
GJ
1,520
1,520 CR
SJ
61,590
60,070 DR
CRJ
81,820
141,890 DR
Page 10 of 12
End of month posting
Jun
16/9/2023, 10:54 pm
30 Unadjusted Balance
141,890 DR
(Q=815-516.WagesExpense_endMonth)
Account: Wages Expense
Account No. 516
Date
Description
May
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30 Unadjusted Balance
Ref.
Debit
Credit
Balance
0
CPJ
CPJ total
9583
0
9583
DR
9583
DR
Feedback
Account: Wages Expense
Account No. 516
Date
Description
Ref.
May
31 Balance
Jun
30 Total from cash payments journal
Jun
30 Unadjusted Balance
Debit
Credit
Balance
0
CPJ
9,583
9,583 DR
9,583 DR
(Q=815-573.DiscountAllowed_endMonth)
Account: Discount Allowed
Account No. 573
Date
Description
May
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30 Unadjusted Balance
Ref.
Debit
Credit
Balance
0
CRJ
CRJ total
460
0
460
DR
460
DR
Feedback
Account: Discount Allowed
Account No. 573
Date
Description
May
31 Balance
Jun
30 Total from cash receipts journal
Jun
30 Unadjusted Balance
Ref.
Debit
Credit
Balance
0
CRJ
460
460 DR
460 DR
Manual Accounting Practice Set
Disc-O-Tech, Australasian Edition 3 (VTA3q)
https://www.perdisco.com/elms/qsam/html/qsam.aspx
Page 11 of 12
End of month posting
16/9/2023, 10:54 pm
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