End of month posting Soln.pdf

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End of month postinghttpwwwperdiscocomelmsqsamhtmlqsamaspxSpecialty Sports Store Practice SetBeing completed by BeanutEnd of month posting feedback pageThis is a feedback page Please review this page carefully because later pages in this practice set may build on thefeedback provided here When you are ready click continueSaving your position If you want to save this practice set where you are up to and come back to it at a later timeclick the bookmark button on this page to save your position and be returned to your home page To reenter thepractice set at this page at a later time simply click the link that you originally clicked to access this practice setInstructions for end of month postingNavigation map1Total the columns in the special journals Record the total in thebottom line of each journal2Post the totals of the columns in the special journals to their corresponding ledger account To confirm that the posting hasbeen performed a posting reference is recorded in the last row ofthe 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 column3Record the final unadjusted balance of each ledger account in theUnadjusted Balance row of each ledger even for ledgers with a balance of zero Although each ledger already has a runningbalance the Unadjusted Balance row must still be filled out in order to receive full marksPlease note that any answers from previous pages carried through onto this page either on the page or in a popup information pageare the correct answers not your particular answersRemember to enter all answers to the nearest whole dollar Whencalculating a discount if a discount is not a whole number round the discount to the nearest whole dollar Then to calculate the cash atbank amount subtract the discount from the original amountAdditional instructionsDisplaying selected journals and ledgersNot all journals and ledgers will be displayed on every pageOriginal informationOn this page you can access all journals and ledgers necessary to answer this question The information in the above links comes from the Overview andThere are several tabs representing different views of the Further information pages at the beginning of the practice set Ifjournal and ledgers The active tab by default is Show All butyou did not print them out and you would like to refer to themyou may also select to view just the special journals or theyou may review them belowgeneral ledger accounts by selecting the appropriate tab If you fill in any journal or ledger accounts and change the Overviewview on this page by selecting a different tab the informationFurther informationthat you have entered will remain in that journal or ledgerand be displayed whenever you can see that journal or ledger LedgersAdditional informationWhen posting an entry to a ledger account under the Description column please type the description of theTo answer this question you may need the following informationtransaction directly into the field The exact wording does not matter for marking purposes For example it does not Inventory detailsmatter in an electricity transaction if you type Paid forelectricity or Paid electricity billIf the balance of a ledger account is zero you do not need to select a debit or credit from the dropdown boxBoth journals and ledgersMost journals and ledgers will have blank rows left at the end of this questionSpecial JournalsGeneral JournalSubsidary LedgersGeneral LedgerShow All1 of 1017052008 1048 PM
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