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below. Instructions: Post the first line of the following general journal entry into the Interest Expense ledger account below. Note - When posting a transaction
below. Instructions: Post the first line of the following general journal entry into the Interest Expense ledger account below. Note - When posting a transaction to a ledger account, please enter the date of the journal entry into the Date column in the ledger account. - Then, under the Description column, type the description of the transaction directly into the field. The exact wording does not matter for grading purposes. For example, it does not matter in an electricity transaction if you type 'Paid for electricity' or 'Paid electricity bill'. - In order to receive full points, under the Ref, column in each ledger, you need to select the correct journal from a list in the drop-down box provided. The reference code for the general journal is GJ. - Then, enter the amount in the appropriate Debit or Credit column in the ledger. - Calculate the running balance of the ledger account and record this in the Balance column. If the balance of the ledger account is zero you do not need to select a debit or credit from the drop-down box. - In the Post Ref. column in the general journal, record the account number for the entry that has just been posted to the general ledger. GENERAL JOURNAL GENERAL LEDGER Account: Interest Expense Account No. 571 you have folloved all of the instructions at the top of this page
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