1. CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-2 Posting from a General Journal to a General Ledger Original created by M.C. McLaughlin, Thomson/South-Western Modified by Deborah L. Burns, Johnston County Schools, West Johnston High School

2. CENTURY 21 ACCOUNTING © Thomson/South-Western 2 LESSON 4-2 POSTING FROM A GENERAL JOURNAL TO A GENERAL LEDGER Transferring information from a journal entry to a ledger account is called posting. Each amount in the Debit & Credit columns of a general journal is posted to the account written in the Account Title column The numbers in the Post. Ref. columns of the general ledger and the general journal serve 3 purposes: An entry in an account can be traced to its source in a journal An entry in a journal can be traced to where it was posted in an account If posting is interrupted, the accounting person can easily see which entries in the general journal still need to be posted.

3. CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 4-2 POSTING FROM A GENERAL JOURNAL TO A GENERAL LEDGER A blank in the Post Ref column indicates that posting for that line still needs to be completed The posting reference is always recorded in the journal as the last step in the posting procedure

4. CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 4-2 1.Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the debit amount. 5.Return to the journal and write the account number. POSTING AN AMOUNT FROM THE DEBIT COLUMN OF A GENERAL JOURNAL page 96 1 4 2 3 5

5. CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 4-2 POSTING AN AMOUNT FROM THE CREDIT COLUMN OF A GENERAL JOURNAL page 97 1 1.Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the credit amount. 5.Return to the journal and write the account number. 4 2 3 5

6. CENTURY 21 ACCOUNTING © Thomson/South-Western 6 LESSON 4-2 POSTING A DEBIT AMOUNT TO AN ACCOUNT WITH A DEBIT BALANCE page 98 3 5 1 4 1.Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the debit amount. 5.Return to the journal and write the account number. 2

7. CENTURY 21 ACCOUNTING © Thomson/South-Western 7 LESSON 4-2 POSTING A DEBIT AMOUNT TO AN ACCOUNT WITH A CREDIT BALANCE page 99 1.Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the debit amount. 5.Return to the journal and write the account number. 3 5 1 4 2

8. CENTURY 21 ACCOUNTING © Thomson/South-Western 8 LESSON 4-2 JOURNAL PAGE WITH POSTING COMPLETED page 100  After all posting has been completed, the Post Ref column is completely filled in with account numbers

9. CENTURY 21 ACCOUNTING © Thomson/South-Western 9 LESSON 4-2 TERM REVIEW posting page 101