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

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Presentation on theme: "Chapter 7 Posting 7 Chapter 7 – Posting | Accounting 1, 7th Edition."— Presentation transcript:

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

2 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

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

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

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

6 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

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

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

9 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

10 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

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

12 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

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

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

15 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

16 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

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

18 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

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

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

21 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

22 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

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

24 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


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