Required information The next step in the processing cycle is to periodically transfer, or post, the debit and credit information from the journal to individual general ledger accounts. A general ledger is simply a collection of all of the company's various accounts. Each account provides a summary of the effects of all events and transactions on that individual account. The process of entering items from the journal to the general ledger is called posting. An unadjusted trial balance is then prepared. Step 4: Post from the Journal to the General Ledger Accounts July 1 Two individuals each invested $30,000 in the corporation. Each investor was issued 3,000 shares of common stock. 3,000 shares of common stock Olngnam Publishing Knowledge Check 01 On October 15t, a company received $30,000 in cash and a building worth $200,000, and in return, issued common stock to an investor. Create the complete journal entry and post to the appropriate T-accounts