Chapter 7 Posting 1 Chapter 7 Posting Accounting
- Slides: 24
Chapter 7 Posting 1 Chapter 7 – Posting | Accounting 1, 7 th Edition 7
Posting This tutorial guides you through posting journal entries to the ledger. For more detailed instructions, refer to Section 7. 1 of the Accounting 1 textbook. 2 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Accounting data in this journal entry has not yet been transferred to the ledger. 3 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Turn to the proper accounts in the ledger: Office Furniture, 4 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Turn to the proper accounts in the ledger: Office Furniture, Bank, 5 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Turn to the proper accounts in the ledger: Office Furniture, Bank, and Accounts Payable—Office Supply Company. 6 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 1: Record the date. 7 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 2: Record the page number where the transaction was journalized. 8 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 3: Record the amount. Be sure to post debits in the debit column and credits in the credit column. 9 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 4: Calculate the new account balance and identify it as either debit (Dr) or credit (Cr). 10 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 5: Enter the new balance. 11 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 6: Record the account number in the journal’s P. R. column. This is your proof of posting and must always be the final step. 12 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Next entry. Step 1: Record the date. 13 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 2: Record the page number where the transaction was journalized. 14 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 3: Record the amount. Be sure to post debits in the debit column and credits in the credit column. 15 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 4: Calculate the new account balance and identify it as either debit (Dr) or credit (Cr). 16 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 5: Enter the new balance. 17 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 6: Record the account number in the journal’s P. R. column. This is your proof of posting and must always be the final step. 18 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Next entry. Step 1: Record the date. 19 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 2: Record the page number where the transaction was journalized. 20 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 3: Record the amount. Be sure to post debits in the debit column and credits in the credit column. 21 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 4: Calculate the new account balance and identify it as either debit (Dr) or credit (Cr). 22 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 5: Enter the new balance. 23 Chapter 7 – Posting l Accounting 1, 7 th Edition
Posting Step 6: Record the account number in the journal’s P. R. column. This is your proof of posting and must always be the final step. 24 Chapter 7 – Posting l Accounting 1, 7 th Edition