1. Posting from a General Journal to a General Ledger Accounting I Chapter 4, Section 2

2. Posting Transferring information from a journal entry to a ledger account. Five steps: Write the date Write the journal page number Write the amount Write the new account balance Write account number on journal page

3. Posting Reference Three Purposes of Post. Ref. Trace back to journal Trace to account in ledger See which entries still need to be posted

4. 5 4 3 2 1 1.Write the date. 2.Write journal page number. 3.Write the debit amount. 4.Write new account balance. 5.Write the account number in the Post. Ref. column of the journal. Posting a Debit Amount

5. 1.Write the date. 5 4 3 2.Write the journal page number. 3.Write the credit amount. 4.Write the new account balance. 5.Write the account number in the Post. Ref. column of the journal. 2 1 Posting a Credit Amount

6. 1.Write the date. 2.Write the journal page number. 3.Write the debit amount. 4.Write the new account balance. 5.Write the account number in the Post. Ref. column of the journal. 5 4 3 2 1 Posting an Amount in an Account with a Balance

7. Calculating Account Balances If first line posted, balance will be equal to amount Previous balance = 0.00 First entry amount = Debit 10,000.00 Balance = Debit 10,000.00 If previous balance and new amount are on the same side, add to calculate new balance Previous balance = Debit 1,700.00 New Amount = Debit 300.00 New Balance = Debit 2,000.00

8. Calculating Account Balances If previous balance and new amount are on opposite sides, subtract to calculate new balance Previous balance = Debit 1,000.00 New Amount = Credit 200.00 New Balance = Debit 800.00

9. Problems Work Together 4-2 (Textbook pg. 101) On Your Own 4-2 (Textbook pg. 101) Application 4-2 (Textbook pg. 110)