1 / 23

What to do

What to do. What you need. - Chp. 6 Notes out on your desk. - Blank General Ledger Forms Blank Journal Sheet Expression. Accounting Cycle. General Ledgers. How many General Ledger Accounts do you have?. General Ledgers.

elita
Download Presentation

What to do

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What to do What you need - Chp. 6 Notes out on your desk • - Blank General Ledger Forms • Blank Journal Sheet • Expression

  2. Accounting Cycle

  3. General Ledgers How many General Ledger Accounts do you have?

  4. General Ledgers What is the first step when posting from a Journal to a General Ledger? What order do we list the General Ledger Accounts in?

  5. General Ledgers

  6. General Ledgers

  7. General Ledgers

  8. General Ledgers

  9. Journal to Ledger – Graphic Organizer Posting from a Journal to a General Ledger 1. Write the Date 2. Write the journal page number in the Post. Ref. column of the Ledger 3. Either write the Debit or Credit in the amount column. 4. Write the new balance in the Debit or Credit column. Keep a running balance in the balance columns. 5. Return to the journal and write the account number in the post reference.

  10. Journal 310 What account does it go in? 4-Mar 1 10000 10000

  11. Journal 310 120 What account does it go in? 10-Mar 1 150 150

  12. Journal 310 120 T1 What account does it go in? None yet, doesn’t get posted till Sales and Cash are totaled.

  13. Journal 310 120 T1 120 210 Any other accounts? What account does it go in? 10-Mar 1 150 150 15-Mar 1 150 150 15-Mar 1 150 300

  14. Journal What account does it go in? 310 120 120 210 C1 510 22-Mar 1 300 300

  15. Journal What account does it go in? 310 120 120 210 510 210 15-Mar 1 150 150 25-Mar 1 100 50

  16. Journal What account does it go in? 310 120 120 210 510 210 530 29-Mar 1 900 900

  17. Journal What account does it go in? 310 120 120 210 510 210 530 T2 None yet, doesn’t get posted till Sales and Cash are totaled.

  18. Journal 310 120 120 210 510 210 530 T2 What's the next step?

  19. Journal Total all Columns, does Debits = Credits? Dark Line and Double Line?

  20. Journal Check marks indicate not to post General Amount columns. Now what?

  21. Journal Post Sales Credit Total to General Ledger (410) 31-Mar 1 800 800 Next step?

  22. Journal Post Cash Credit Total to General Ledger Post Cash Debit Total to General Ledger (110) (110) Next step? 31-Mar 1 10800 10800 31-Mar 1 1450 9350 Next step?

  23. Finished Product

More Related