会计英语 模块二 The development of accounting Economic events and source documents .ppt

9 Let’s revisit many of the transactions of JJ’s Lawn Care, placing the amount of each transaction in the proper ledger account. Try to determine how the amounts will be posted before moving on to see the answer. 4 At the end of the accounting period, transactions are posted from the journal into the ledger account. Posting is the process of systematically copying information from the journal to the ledger. Care must be taken when doing so, as it is easy to make mistakes. 4 Part I A journal entry is shown here. Let’s see how to post this information from the journal to the ledger.Part IIFirst, find the proper ledger account. In this case, the cash ledger account.Part IINext, copy the date to the ledger account.Part IVFinally, copy the amount from the debit column in the journal to the debit column in the ledger. Update the balance in the cash account. The current balance is eight thousand dollars.Now, let’s post the credit side of the journal entry. 4 Part IFirst, locate the capital stock account in the general ledger.Part IINext, copy the date from the journal entry to the proper column in the capital stock account.Part IIFinally, copy the amount from the credit column in the journal to the credit column in the ledger. Update the account balance for the new posting. 4 The journal entry to record the purchase of the riding lawn mower is shown here. What will the cash ledger account look like after posting the cash portion of this journal entry? 4 The posting was properly placed in the credit, or decrease, column of the cash ledger account. The balance in the account is updated and is currently $5,500. 4 In accounting, a T-account is frequently used to represent a ledger account. You can see the red lines that show how we get the term T-account. The T-account is a simple way to debit or credit a ledger account for illustration purposes. T-accounts are not part of the accounting system. 9 Let’s revisit many of the transactions of JJ’s Lawn Care, plac