Question
Record the chart of account reference number underneath each column to be posted to the general ledger then post the journal totals to the general
Record the chart of account reference number underneath each column to be posted to the general ledger then post the journal totals to the general ledger. Please note predictive text is available for the general ledger details fields. When posting totals to the Bank Account general ledger account from the Cash Payments Journal and the Cash Receipts Journal use the generic terms 'Payments' and 'Receipts' in the details field. When posting from the sales, purchases, cash payments and cash receipts journals, you must enter in the details the opposing debit/credits as per the column headings in the respective journals (e.g. When posting to Accounts Payable 200 from the Cash Payments Journal, the details field will be Bank Account/Discount Received/GST Paid (Outlays)).
GENERAL LEDGER Name: BANK ACCOUNT Acct No.: 100 Date Details Details Post Ref Debit Date Post Ref Credit 14,632.20 June June 1 Balance Name: PETTY CASH Acct No.: 105 Details Post Re Debit Details Post Re Credit Date Date June 1 200.00 Balance Name:ACCOUNTS RECEIVABLE Acct No.: 110 Details Details Date Post Ref Debit Date Post Ref Credit June 1 5,760.00 June Balance Name: PREPAID INSURANCE Acct No.: 120 Date Details Details Post Ref Debit Date Post Ref Credit Balance 381.25 Name: HIRE EQUIPMENT (COST Acct No.: 170 Details Debit Post Ref Details Post Re Credit June 1 Balance 108,000.00 June Name: ACCUMULATED DEPRECIATION-HIRE EQUIPMENT Acct No.: 171 Details Debit Details Post Ref Post Re Credit June 1 Balance 67,500.00 Name: MOTOR VEHICLES (COST) Acct No.: 180 Details Details Post Ref Debit Date Post Ref Credit June 1 Balance 29,900.00 Name: ACCUMULATED DEPRECIATION - MOTOR VEHICLES Acct No.: 181 Details Details Date Post Ref Debit Date Post Ref Credit June 1 Balance 8,970.00 Name: STORE EQUIPMENT (COST) Acct No.: 190 Details Details Post Ref Debit Date Post Ref Credit June 1 Balance 14,700.00 Name: ACCUMULATED DEPRECIATION STORE EQUIPMENT Acct No.: 191 Details Details Date Post Ref Debit Date Post Ref Credit June 1 Balance 6,615.00Step by Step Solution
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