Chapter 7 – Posting | DRAFT | Accounting 1, 7 th Edition 1 Chapter 7 Posting Ch7

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

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

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

Chapter 7 – Posting l DRAFT | Accounting 1, 7 th Edition 6 Posting Turn to the proper accounts in the ledger: Office Furniture, Bank, and Accounts Payable – Office Supply Company.

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

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

Chapter 7 – Posting l DRAFT | Accounting 1, 7 th Edition 9 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 DRAFT | Accounting 1, 7 th Edition 10 Posting Step 4: Calculate the new account balance and identify it as either debit (Dr) or credit (Cr).

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

Chapter 7 – Posting l DRAFT | Accounting 1, 7 th Edition 12 Posting Next entry. Step 1: Record the date.

Chapter 7 – Posting l DRAFT | Accounting 1, 7 th Edition 13 Posting Step 2: Record the page number where the transaction was journalized.

Chapter 7 – Posting l DRAFT | Accounting 1, 7 th Edition 14 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 DRAFT | Accounting 1, 7 th Edition 15 Posting Step 4: Calculate the new account balance and identify it as either debit (Dr) or credit (Cr).

Chapter 7 – Posting l DRAFT | Accounting 1, 7 th Edition 16 Posting Step 5: Enter the new balance.

Chapter 7 – Posting l DRAFT | Accounting 1, 7 th Edition 17 Posting Next entry. Step 1: Record the date.

Chapter 7 – Posting l DRAFT | Accounting 1, 7 th Edition 18 Posting Step 2: Record the page number where the transaction was journalized.

Chapter 7 – Posting l DRAFT | Accounting 1, 7 th Edition 19 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 DRAFT | Accounting 1, 7 th Edition 20 Posting Step 4: Calculate the new account balance and identify it as either debit (Dr) or credit (Cr).

Chapter 7 – Posting l DRAFT | Accounting 1, 7 th Edition 21 Posting Step 5: Enter the new balance.

Chapter 7 – Posting l DRAFT | Accounting 1, 7 th Edition 22 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 DRAFT | Accounting 1, 7 th Edition 23 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 DRAFT | Accounting 1, 7 th 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.