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 dectricity' 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 G. Then, enter the amount in the appropriate Debitor 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 Indeer account is zero you do not need to select . In the Post Rel. column in the general journal, record the account number for the entry that has just been posted to the general ledger. GENERAL JOURNAL Date Account and Explanation Post Ref. Debit Credit 770 Apr Apr 1 Interest Expense 1 Interest Payable (sample journal entry) 770 GENERAL LEDGER Account: Interest Expense Account No. 571 Date Ref. Debit Credit Balance Description 31 Balance Mar 720 DR Apr Apr Apr