NOTE: Journalizing transactions is a sequential record of business dealings and posting is the updating of individual account balances. Getting the journal entry correct is the bigger challenge; the posting is merely a process of transferring the information from the journal to the proper ledger accounts. 9. Theisen-Dick Services Company performed services in October for a specific customer, of a fee of $7,890. Payment was received the following November. (a) Was the revenue earned in October or November? October (b) What accounts should be debited and credited in (1) October? (2) November