Chapter 7 Posting 1 Chapter 7 Posting Accounting

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Chapter 7 Posting 1 Chapter 7 – Posting | Accounting 1, 7 th Edition

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

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

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 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

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

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,

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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