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Accounting Examples - Posting Entries

 

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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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Amazon.com
Most popular books for Accounts

Understanding Small Business Accounts

Understanding Small Business Accounts

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