Chapter 7.1

Posting

• Accounting data in this journal entry has not yet been transferred to the ledger

Chapter 7.1

Posting

• Step 1: Turn to the proper account in the ledger

Chapter 7.1

Posting

• Step 2: Record the date

Chapter 7.1

Posting

• Step 3: Record the page number where the transaction is journalized

Chapter 7.1

Posting

• Record the amount. Be careful to post debits in the debit column, credits in the credit column

Chapter 7.1

Posting

• Step 5: Calculate the balance and identify this balance as either debit or credit

Chapter 7.1

Posting

• Step 6: Record the account number in the journal’s “P.R” column. This is your “proof of posting.”

Chapter 7.1

Posting

• Turn your attention to the next account listed in the journal entry

Chapter 7.1

Posting

• Step 1: Begin the posting process again by turning to the proper account in the ledger

Chapter 7.1

Posting

• Step 2: Record the date

Chapter 7.1

Posting

• Step 3: Record the journal page number

Chapter 7.1

Posting

• Step 4: Record the amount, either debit or credit

Chapter 7.1

Posting

• Step 5: Calculate the balance and show whether it is a debit or credit balance

Chapter 7.1

Posting

• Record the account number in the journal’s “P.R.” column

Chapter 7.1

Posting

• Turn your attention to the next account listed in the journal entry

Chapter 7.1

Posting

• Step 1

Chapter 7.1

Posting

• Step 2

Chapter 7.1

Posting

• Step 3

Chapter 7.1

Posting

• Step 4

Chapter 7.1

Posting

• Step 5

Chapter 7.1

Posting

• Step 6

Chapter 7.1

Posting

• Posting Summary