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

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Presentation transcript:

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

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. Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Accounting data in this journal entry has not yet been transferred to the ledger. Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Turn to the proper accounts in the ledger: Office Furniture, Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Turn to the proper accounts in the ledger: Office Furniture, Bank, Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Turn to the proper accounts in the ledger: Office Furniture, Bank, and Accounts Payable—Office Supply Company. Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Step 1: Record the date. Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Step 2: Record the page number where the transaction was journalized. Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Step 3: Record the amount Posting Step 3: Record the amount. Be sure to post debits in the debit column and credits in the credit column. Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Step 4: Calculate the new account balance and identify it as either debit (Dr) or credit (Cr). Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Step 5: Enter the new balance. Chapter 7 – Posting l Accounting 1, 7th 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. Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Next entry. Step 1: Record the date. Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Step 2: Record the page number where the transaction was journalized. Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Step 3: Record the amount Posting Step 3: Record the amount. Be sure to post debits in the debit column and credits in the credit column. Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Step 4: Calculate the new account balance and identify it as either debit (Dr) or credit (Cr). Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Step 5: Enter the new balance. Chapter 7 – Posting l Accounting 1, 7th 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. Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Next entry. Step 1: Record the date. Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Step 2: Record the page number where the transaction was journalized. Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Step 3: Record the amount Posting Step 3: Record the amount. Be sure to post debits in the debit column and credits in the credit column. Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Step 4: Calculate the new account balance and identify it as either debit (Dr) or credit (Cr). Chapter 7 – Posting l Accounting 1, 7th Edition

Posting Step 5: Enter the new balance. Chapter 7 – Posting l Accounting 1, 7th 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. Chapter 7 – Posting l Accounting 1, 7th Edition