Posting is automatic when using QuickBooks and Peachtree software programs. When you select Save in a transaction, the accounts are immediately updated FIGURE 3.16 How to Post from Journal to Ledger Posting Now let’s look at how to post the transactions of Clark’s Word Processing Services from its Journal. The diagram in Figure 3.16 shows how to post the cash line from the journal to the ledger. The steps in the posting process are numbered and illustrated in the figure. ‘Step 1 In the Cash account in the ledger, record the date (May 1, 200X) and the amount of the entry ($10,000) ‘Step 2 Record the page number ofthe joumal “GJ” in the posting reference (PR) column of the Cash account, ‘Step 3 Calculate the new balance of the account. To keep a running balance in each account, as you would in your personal checkbook, you take the present bal- ‘CLARK'S WORD PROCESSING SERVICES GENERAL JOURNAL Date ‘Account Titles and Description 100 May | 1] Cash ‘Brenda Clark, Capital Initial investment of cash by owner g lo ‘CLARK'S WORD PROCESSING SERVICES (GENERAL LEDGER. ‘Account No.111 Post Balance anation 1 | Debit Debit Credit hi |10)0,0)0)00 190,000 Brenda Clark, Capital ‘Account No. 311 Post Balance Date | Explanation | Ref. Debit_||Creait_ | ~Debir Credit 100% 1 [May | 1 an 10)0,0/0)00 00) I