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Steps in the Recording Process

The Ledger contains the entire group of accounts


maintained by a company.
Illustration 3-19

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Steps in the Recording Process


Chart of Accounts listing of accounts used by a
company to record transactions.

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Steps in the Recording Process


Posting the process of transferring amounts from the
journal to the ledger accounts.
General Journal
Date Oct. 1 Account Title Cash Common stock Ref.
101

J1

Debit 10,000

Credit 10,000

General Ledger

Cash
Date
Oct. 1

Acct. No. 101


Debit
10,000

Explanation
Owner investment

Ref.
J1

Credit

Balance
10,000

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SO 7

Steps in the Recording Process Review Question


Posting:
a. normally occurs before journalizing. b. transfers ledger transaction data to the journal. c. is an optional step in the recording process. d. transfers journal entries to ledger accounts.

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SO 7 Explain what posting is and how it helps in the recording process.

The Recording Process Illustrated


Follow these steps: 1. Determine what type of account is involved. 2. Determine what items increased or decreased and by how much. 3. Translate the increases and decreases into debits and credits.
Illustration 3-21

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SO 7 Explain what posting is and how it helps in the recording process.

The Recording Process Illustrated


Follow these steps: 1. Determine what type of account is involved. 2. Determine what items increased or decreased and by how much. 3. Translate the increases and decreases into debits and credits.
Illustration 3-22

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SO 7 Explain what posting is and how it helps in the recording process.

The Recording Process Illustrated


Follow these steps: 1. Determine what type of account is involved. 2. Determine what items increased or decreased and by how much. 3. Translate the increases and decreases into debits and credits.
Illustration 3-23

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SO 7 Explain what posting is and how it helps in the recording process.

The Recording Process Illustrated


Additional Transactions

Illustration 3-24

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SO 7 Explain what posting is and how it helps in the recording process.

The Recording Process Illustrated


Additional Transactions

Illustration 3-25

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SO 7 Explain what posting is and how it helps in the recording process.

The Recording Process Illustrated


Additional Transactions

Illustration 3-26

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SO 7 Explain what posting is and how it helps in the recording process.

The Recording Process Illustrated


Additional Transactions

Illustration 3-27

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The Recording Process Illustrated


Additional Transactions

Illustration 3-28

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SO 7 Explain what posting is and how it helps in the recording process.

The Recording Process Illustrated


Additional Transactions
Illustration 3-29

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SO 7 Explain what posting is and how it helps in the recording process.

The Recording Process Illustrated


Additional Transactions

Illustration 3-30

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SO 7 Explain what posting is and how it helps in the recording process.

The Recording Process Illustrated


Additional Transactions

Illustration 3-31

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SO 7

Summary Illustration of Journalizing


Illustration 3-32

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SO 7 Explain what posting is and how it helps in the recording process.

Summary Illustration of Journalizing


Illustration 3-32

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SO 7 Explain what posting is and how it helps in the recording process.

Summary Illustration of Posting

Illustration 3-33

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SO 7 Explain what posting is and how it helps in the recording process.

The Trial Balance


A list of accounts and their balances at a given time. Purpose is to prove that debits equal credits.

Illustration 3-34

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