I have completed the Cogg Hill Practice Set and I need to see if my answers are correct. Please reply as soon as possible. Thank you.

I qualified as an Accountant in 1966.
I am now retired.
I have never heard of :- Cogg Hill Practice Set.
Would you please clarify your request.

I have completed the Cogg Hill Practice Set and I need to see if my answers are correct. Please reply as soon as possible. Thank you.

I have gone through the 75 page word document. If you can attach the solution, it would be helpful

My numbers are not balancing out correctly. I just need the solution to see where I might have enter the wrong numbers or my calculation aren't correct. It would be really helpful if you could email me the solutions because it is due in a couple days. Thanks.

If you can mail your solutions through private message, I can just check where you have made mistakes. You can learn from your own mistakes, rather than studying other people's solutions

Oct, we do not give out the solutions here. If you need work checked, upload your file here and people can check it for you. And when it is due is your responsbility - that doesn't change the fact that we aren't here to give out solutions.

It really SHOULD be uploaded here and not sent through private messaging. Unless there's something of a private nature (or off topic), then the messages should go through the forums. (And yes, there's a rule about it.)

There's a reason for the forums being public. There are other people who are working on the same problem and that allows them to see what is going on also.

If you can mail your solutions through private message, I can just check where you have made mistakes. You can learn from your own mistakes, rather than studying other people's solutions

I have a question about the Cogg Hill. On part 2, when it says to post daily and there are items listed below. Am I suppose to enter them again or no? Can you please explain me that part because I don't clearly understand it. Also in part 3a, when it says foot and crossfoot the special journals and post to the general ledger. Can you also explain that to me too. Thanks.

Well, since I don't have Word installed at the moment, I can't look at the problem that I found to see what it says.

I can, however, give you an overview of how to post from special journals if that would help.

"Footing" means to add up everything in the column. I'm not sure what they're meaning by "crossfooting" as I haven't heard that term.

You have four main types of posting to do on special journals.
Any columns that have actual accounts at the top will be posted from the total at the bottom of the column. For instance, on a cash payments journal you would have a Cash Cr. column. You post that only once from the total at the bottom, and then follow what it says: Credit. On the account, in the Post Ref column you write initials for the type of journal it came from and the page number. So like CP3 for cash payments pg 3. Then back on the journal, put the account number you just posted to underneath the total at the bottom of the column. Like "(101)" for the cash column. For special journals, these little numbers can be important since you can't post "in order" and therefore can easily lose track of what's done and what is not. Don't write that in until it's actually posted. When you get done with those, you should have a number under every column except the "Other account" column. If you have a journal that has more than one account in a column, it gets posted twice, once to each account, and two numbers will be listed. (Like if you have both A/R and Sales in one column.)

Individual postings. Any columns that say "Other account." Since those are all different accounts, they will have to be posted individually. So if one of your cash payments was for Rent Expense, you should have that written on the line and post that individually to the Rent Expense account. Use the Post Ref column write the number of that account in. Again, important cause your individual postings will be scattered around. Since all your "other account" column postings will be individual, you will NOT post the number at the bottom of the column. Instead, when you are done with them all, just put a little checkmark showing it's done. These, by the way, can be posted immediately as you journalize them.
Subsidiary postings. Accounts like Accounts Receivable and Accounts Payable will have a subsidiary account. You should have an A/R ledger and an A/P ledger. Remember that the A/R and A/P controlling accounts will be posted from the total at the bottom of the column. However, the subsidiaries need posted individually because you have to keep track of the different customer and vendor accounts. You should do these immediately so that you keep these accounts up-to-date. So you pay John Doe Company on your cash payments journal, and have 100 under the cash column and 100 under the payables column. Those will be posted from the totals at the bottom as first mentioned. But then you go to John Doe Company's subsidiary account and post the number under the A/P column to that individual company. You can then put a checkmark in the Post Ref column cause those probably don't have numbers on them. Again, those are scattered all over, so be sure to do that so you know it's done.
Lastly, you will have certain entries that have gone into the general journal. Those get posted like normal. You can also post these immediately as you go. If you use an A/R or A/P here that has a subsidiary, it needs posted twice, once to the controlling account and once to the subsidiary account. You can make like a diagonal line across the box and put the A/R or A/P account on one and the checkmark on the other.

Do not be surprised if an account ends up with a negative balance, but this will only be temporary. Remember you're doing a lot of posting from ending totals so if you do all your cash payments before your cash receipts, you'll end up negative. Just make sure they're all normal positive balances when you get everything done.

I once ran across an illustration of this that gave a good visual, but can't seem to find it.

Thanks, that really helps.


Well, since I don't have Word installed at the moment, I can't look at the problem that I found to see what it says.

I can, however, give you an overview of how to post from special journals if that would help.

"Footing" means to add up everything in the column. I'm not sure what they're meaning by "crossfooting" as I haven't heard that term.

You have four main types of posting to do on special journals.
Any columns that have actual accounts at the top will be posted from the total at the bottom of the column. For instance, on a cash payments journal you would have a Cash Cr. column. You post that only once from the total at the bottom, and then follow what it says: Credit. On the account, in the Post Ref column you write initials for the type of journal it came from and the page number. So like CP3 for cash payments pg 3. Then back on the journal, put the account number you just posted to underneath the total at the bottom of the column. Like "(101)" for the cash column. For special journals, these little numbers can be important since you can't post "in order" and therefore can easily lose track of what's done and what is not. Don't write that in until it's actually posted. When you get done with those, you should have a number under every column except the "Other account" column. If you have a journal that has more than one account in a column, it gets posted twice, once to each account, and two numbers will be listed. (Like if you have both A/R and Sales in one column.)

Individual postings. Any columns that say "Other account." Since those are all different accounts, they will have to be posted individually. So if one of your cash payments was for Rent Expense, you should have that written on the line and post that individually to the Rent Expense account. Use the Post Ref column write the number of that account in. Again, important cause your individual postings will be scattered around. Since all your "other account" column postings will be individual, you will NOT post the number at the bottom of the column. Instead, when you are done with them all, just put a little checkmark showing it's done. These, by the way, can be posted immediately as you journalize them.
Subsidiary postings. Accounts like Accounts Receivable and Accounts Payable will have a subsidiary account. You should have an A/R ledger and an A/P ledger. Remember that the A/R and A/P controlling accounts will be posted from the total at the bottom of the column. However, the subsidiaries need posted individually because you have to keep track of the different customer and vendor accounts. You should do these immediately so that you keep these accounts up-to-date. So you pay John Doe Company on your cash payments journal, and have 100 under the cash column and 100 under the payables column. Those will be posted from the totals at the bottom as first mentioned. But then you go to John Doe Company's subsidiary account and post the number under the A/P column to that individual company. You can then put a checkmark in the Post Ref column cause those probably don't have numbers on them. Again, those are scattered all over, so be sure to do that so you know it's done.
Lastly, you will have certain entries that have gone into the general journal. Those get posted like normal. You can also post these immediately as you go. If you use an A/R or A/P here that has a subsidiary, it needs posted twice, once to the controlling account and once to the subsidiary account. You can make like a diagonal line across the box and put the A/R or A/P account on one and the checkmark on the other.

Do not be surprised if an account ends up with a negative balance, but this will only be temporary. Remember you're doing a lot of posting from ending totals so if you do all your cash payments before your cash receipts, you'll end up negative. Just make sure they're all normal positive balances when you get everything done.

I once ran across an illustration of this that gave a good visual, but can't seem to find it.

I am still confuse about part 2. I think if you Google Cogg Hill Practice Set then click on 'view as HTML' in the second choice under Chapter 1. I have another question, is the schedule of accounts receivable and schedule of accounts payable are to be equal?

Oct: Your posts are confusing me. In the first post you wrote:

have completed the Cogg Hill Practice Set and I need to see if my answers are correct. Please reply as soon as possible. Thank you.

In the second post, you wrote:

My numbers are not balancing out correctly. I just need the solution to see where I might have enter the wrong numbers or my calculation aren't correct. It would be really helpful if you could email me the solutions because it is due in a couple days. Thanks.

Then in the third post you wrote

I have a question about the Cogg Hill. On part 2, when it says to post daily and there are items listed below. Am I suppose to enter them again or no? Can you please explain me that part because I don't clearly understand it. Also in part 3a, when it says foot and crossfoot the special journals and post to the general ledger. Can you also explain that to me too. Thanks.
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1. If you have completed the practice set, why not post it.
2. If the numbers are not balancing, how can one help you if there is nothing to check where the mistake actually lies. It is not ethical just to post the answers for you. This has been made loud and clear by morgaine300.
3. In this post, it has made it clear that you have not completed the practice set and you just need the answers.

I have seen the instructions and they are quite clear. They follow the routing of an accounting cycle. If you have read the text book carefully, you will find the correct procedure to be followed. Further, the specimen of special journals give you an indication about the accounts to be debited/credited, both the control and subsidiary ledger accounts.

I am still confuse about part 2. I think if you google Cogg Hill Practice Set then click on 'view as HTML' in the second choice under Chapter 1. I have another question, is the schedule of accounts receivable and schedule of accounts payable are to be equal?

OK, I found that. I went straight through the first link to McGraw Hill and they only had the Word version. (Nifty that I can get to some stuff there without logging in.)

Part 2 simply incorporates what I already posted. I said that the general journal postings and all the subsidiary account postings should be done immediately. That is what they are referring to, just giving more details.

Remember that subsidiaries will exist for Accounts Receivable and Accounts Payable accounts. So any time you use one of those columns on ANY journal, you will have a subsidiary written in on the line. Those subsidiaries (your customer and vendor accounts) will need to be posted as you go to keep them updated. The problem says "daily" but really they should just be done immediately.

If there's more about this you don't understand, you're going to have to be more specific.

And I too see the conflict in your posts. I'm not sure how you know if you balance or not if you haven't posted everything. Unless you're just trying to go back through them to see if you messed them up?

I'm sorry for the confustion. I have completed the practice set. It is that I have some parts where it is not balance and just asking if I was following the instruction correctly. Anyway, thanks for the help.



OK, I found that. I went straight thru the first link to McGraw Hill and they only had the Word version. (Nifty that I can get to some stuff there without logging in.)

Part 2 simply incorporates what I already posted. I said that the general journal postings and all the subsidiary account postings should be done immediately. That is what they are referring to, just giving more details.

Remember that subsidiaries will exist for Accounts Receivable and Accounts Payable accounts. So any time you use one of those columns on ANY journal, you will have a subsidiary written in on the line. Those subsidiaries (your customer and vendor accounts) will need to be posted as you go to keep them updated. The problem says "daily" but really they should just be done immediately.

If there's more about this you don't understand, you're going to have to be more specific.

And I too see the conflict in your posts. I'm not sure how you know if you balance or not if you haven't posted everything. Unless you're just trying to go back through them to see if you messed them up?

I have the cogg hill camping euqip. Practice set completed, email me at [email protected], and everything is in a email.

The offer by winbabywin7 is valid up to a point. It is not a complete set of solutions, so if you'e not prepared to actually still do some of the work yourself, don't bother contacting him. He also has created his documents in a way that you cannot simply print them and submit them as yours (I give him props for that one). And, his one attachment consists of text boxes overlaid by other text boxes and it is virtually illegible unless you are able to click and drag the text boxes to a new area. And, not all the information is there, despite his promise. Another thing is that he does have a couple of errors in his set, so if you're not capable of noticing it and correcting it, you don't know anything about accounting and shouldn't be in the class. Another thing for which I give him props. Yeah, he's giving you answers - but not ALL the answers and not in perfect condition, so you might get the practice set done faster, but you'll still have to work for the grade. LOL