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After journalizing entries, information can be entered into T-Accounts and/or the four-column ledger. Enter the information from the T-Account and calculate the running balance in
After journalizing entries, information can be entered into T-Accounts and/or the four-column ledger. Enter the information from the T-Account and calculate the running balance in the appropriate place in the four-column ledger to review the similarities between the two formats. Be sure to enter the transactions in chronological order. Cash Cash Account No. 101 Balance Nov. 1 41,700 8,500 Nov. 2 Date Item Post. Ref. Debit Credit Debit Credit Nov. 8 17,800 5,100 Nov. 15 2016 Nov. 22 29,600 5,500 Nov. 21 J1 Dec. 21 15,400 10,900 Nov. 25 J1 Dec. 28 14,200 4,600 Dec. 1 J1 2,100 Dec. 3 J1 5,900 Dec. 15 J1 Bal. 76.100 J1 J1 J1 J1 J1 J1 J1
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