chapter 7.1 posting accounting data in this journal entry has not yet been transferred to the ledger...
TRANSCRIPT
Chapter 7.1
Posting
• Accounting data in this journal entry has not yet been transferred to the ledger
Chapter 7.1
Posting
• Step 1: Turn to the proper account in the ledger
Chapter 7.1
Posting
• Step 2: Record the date
Chapter 7.1
Posting
• Step 3: Record the page number where the transaction is journalized
Chapter 7.1
Posting
• Record the amount. Be careful to post debits in the debit column, credits in the credit column
Chapter 7.1
Posting
• Step 5: Calculate the balance and identify this balance as either debit or credit
Chapter 7.1
Posting
• Step 6: Record the account number in the journal’s “P.R” column. This is your “proof of posting.”
Chapter 7.1
Posting
• Turn your attention to the next account listed in the journal entry
Chapter 7.1
Posting
• Step 1: Begin the posting process again by turning to the proper account in the ledger
Chapter 7.1
Posting
• Step 2: Record the date
Chapter 7.1
Posting
• Step 3: Record the journal page number
Chapter 7.1
Posting
• Step 4: Record the amount, either debit or credit
Chapter 7.1
Posting
• Step 5: Calculate the balance and show whether it is a debit or credit balance
Chapter 7.1
Posting
• Record the account number in the journal’s “P.R.” column
Chapter 7.1
Posting
• Turn your attention to the next account listed in the journal entry
Chapter 7.1
Posting
• Step 1
Chapter 7.1
Posting
• Step 2
Chapter 7.1
Posting
• Step 3
Chapter 7.1
Posting
• Step 4
Chapter 7.1
Posting
• Step 5
Chapter 7.1
Posting
• Step 6
Chapter 7.1
Posting
• Posting Summary