Posting Examples

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Posting:

Periodically, usually at the end of the day journal entries are posted to the effected accounts. The examples below show how to post 2 transactions from the general ledger - a owner deposit, and the purchase of office supplies and furniture with cash.

General Journal				Page: 1
Date		Account Titles/Explanation	Ref	Debit	Credit
20XX Jan	5	Cash You the Owner, Capital Owner Investment	11 31	800.00	800.00
	6	Office Supplies Office Furniture Cash Bought office supplies & Furniture with cash.	14 18 11	15.00 300.00	315.00

Account 11 - Cash
Date	Item	Ref	Debit	Credit	Balance
Jan 5 6		GJ1 GJ1	800.00	315.00	800.00 485.00

Account 31 - You the Owner, Capital
Date	Item	Ref	Debit	Credit	Balance
Jan 5		GJ1		800.00	800.00

Account 14 - Office Supplies
Date	Item	Ref	Debit	Credit	Balance
Jan 6		GJ1	15.00		15.00

Account 18 - Office Furniture
Date	Item	Ref	Debit	Credit	Balance
Jan 6		GJ1	300.00		300.00

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