Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger...
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Transcript of Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger...
![Page 1: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/1.jpg)
Chapter 7.1
Posting
• Accounting data in this journal entry has not yet been transferred to the ledger
![Page 2: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/2.jpg)
Chapter 7.1
Posting
• Step 1: Turn to the proper account in the ledger
![Page 3: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/3.jpg)
Chapter 7.1
Posting
• Step 2: Record the date
![Page 4: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/4.jpg)
Chapter 7.1
Posting
• Step 3: Record the page number where the transaction is journalized
![Page 5: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/5.jpg)
Chapter 7.1
Posting
• Record the amount. Be careful to post debits in the debit column, credits in the credit column
![Page 6: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/6.jpg)
Chapter 7.1
Posting
• Step 5: Calculate the balance and identify this balance as either debit or credit
![Page 7: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/7.jpg)
Chapter 7.1
Posting
• Step 6: Record the account number in the journal’s “P.R” column. This is your “proof of posting.”
![Page 8: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/8.jpg)
Chapter 7.1
Posting
• Turn your attention to the next account listed in the journal entry
![Page 9: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/9.jpg)
Chapter 7.1
Posting
• Step 1: Begin the posting process again by turning to the proper account in the ledger
![Page 10: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/10.jpg)
Chapter 7.1
Posting
• Step 2: Record the date
![Page 11: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/11.jpg)
Chapter 7.1
Posting
• Step 3: Record the journal page number
![Page 12: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/12.jpg)
Chapter 7.1
Posting
• Step 4: Record the amount, either debit or credit
![Page 13: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/13.jpg)
Chapter 7.1
Posting
• Step 5: Calculate the balance and show whether it is a debit or credit balance
![Page 14: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/14.jpg)
Chapter 7.1
Posting
• Record the account number in the journal’s “P.R.” column
![Page 15: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/15.jpg)
Chapter 7.1
Posting
• Turn your attention to the next account listed in the journal entry
![Page 16: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/16.jpg)
Chapter 7.1
Posting
• Step 1
![Page 17: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/17.jpg)
Chapter 7.1
Posting
• Step 2
![Page 18: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/18.jpg)
Chapter 7.1
Posting
• Step 3
![Page 19: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/19.jpg)
Chapter 7.1
Posting
• Step 4
![Page 20: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/20.jpg)
Chapter 7.1
Posting
• Step 5
![Page 21: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/21.jpg)
Chapter 7.1
Posting
• Step 6
![Page 22: Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.](https://reader033.fdocuments.net/reader033/viewer/2022061616/5697bfd41a28abf838caca8a/html5/thumbnails/22.jpg)
Chapter 7.1
Posting
• Posting Summary