Lesson 4-2 Posting Separate Amounts from a Journal to a General Ledger 6/23/2018 LESSON 4-2 Posting Separate Amounts from a Journal to a General Ledger

POSTING RULES… Posting – transferring information from a journal entry to a ledger account. Rules: Amounts in a journal’s “General” amount columns are posted individually. Amounts in a journal’s “Special” amount columns (Sales & Cash) are NOT posted individually – ONLY the totals are posted. LESSON 4-2

POSTING AN AMOUNT FROM A GENERAL DEBIT COLUMN page 96 2 1 3 5 4 1. Write the date. 4. Write the new account balance. 2. Write the journal page number. 5. Return to the journal and write the account number. 3. Write the debit amount. LESSON 4-2

POSTING A SECOND AMOUNT TO AN ACCOUNT page 97 2 1 3 5 4 1. Write the date. 4. Write the new account balance. 2. Write the journal page number. 5. Return to the journal and write the account number. 3. Write the debit amount. LESSON 4-2

POSTING AN AMOUNT FROM A GENERAL CREDIT COLUMN page 98 2 1 5 3 4 1. Write the date. 4. Write the new account balance. 2. Write the journal page number. 5. Return to the journal and write the account number. 3. Write the credit amount. LESSON 4-2

CALCULATING BALANCES CALCULATING BALANCES: page 99 CALCULATING BALANCES: Always keep on the normal balance side “Likes add, opposites subtract” Debit balance + debit transaction Credit balance + credit transaction Debit balance – credit transaction Credit balance – debit transaction LESSON 4-2