This sample exercise demonstrates the bookmark feature of your practice set. Please take the time to read this information and to complete this sample exercise as you are requested. This will save you time and frustration later on. Bookmarking your practice set. The practice set is a large activity that you do not have to complete all at once. Indeed, you may wish to complete it in multiple sessions over many days or weeks. Bookmarking allows you to save the page you are up to and return to it at a later time. You can use this feature by pressing the bookmark button at the top of every page (not the bookmark or favorite button on your browser). When you want to return to that page, simply elick the link that you dicked to originally open this practice set. You will be taken straight back to the page where you pressed the bookmark button. Try this now by entering an INCORRECT answer into one of the responses below but instead of clicking the Submit answers button (at the bottom of the page), click the Bookmark button (at the top of the page). Then re-enter the practice set using the link on your home page and confirm that the answer you entered below is still there. Do this now! Have you dane that? If so, change your answer to a CORRECT response, complate all other responses required of you and click the Submit answers button. You will be given a feedback page, and a description of the bookmark functionality. In the previous sample question, you recorded a transaction into the general journal, You are now asked to post that transaction to the general ledger account provided below. Instructions: Post the fist line of the following general joumal entry into the Interest Expense ledger account below. Note - When posting a transaction to a ledger account, please enter the dete 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 Ret, columa in each ledger, you need to select the correct journal from a llst in the drop-down box prayided. The reference code for the general journal is G3. - Then, enter the amount in the appropriate Debit or Credit column in the lecger. - 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 purposes. For example, it does not matter in an electricity transaction if you type 'Pad for field. The exact wording does not matter for grading - In order to receive full points, under the Ref. column in each ledger, you need to select the correct journal froms alictsty bili'. 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 joumal, record the account number for the entry that has fust been posted to the general ledger. GENERAL JOURNAL GENERAL LEDGER Account: Interest Expense Account No, 571 This sample exercise demonstrates the bookmark feature of your practice set. Please take the time to read this information and to complete this sample exercise as you are requested. This will save you time and frustration later on. Bookmarking your practice set. The practice set is a large activity that you do not have to complete all at once. Indeed, you may wish to complete it in multiple sessions over many days or weeks. Bookmarking allows you to save the page you are up to and return to it at a later time. You can use this feature by pressing the bookmark button at the top of every page (not the bookmark or favorite button on your browser). When you want to return to that page, simply elick the link that you dicked to originally open this practice set. You will be taken straight back to the page where you pressed the bookmark button. Try this now by entering an INCORRECT answer into one of the responses below but instead of clicking the Submit answers button (at the bottom of the page), click the Bookmark button (at the top of the page). Then re-enter the practice set using the link on your home page and confirm that the answer you entered below is still there. Do this now! Have you dane that? If so, change your answer to a CORRECT response, complate all other responses required of you and click the Submit answers button. You will be given a feedback page, and a description of the bookmark functionality. In the previous sample question, you recorded a transaction into the general journal, You are now asked to post that transaction to the general ledger account provided below. Instructions: Post the fist line of the following general joumal entry into the Interest Expense ledger account below. Note - When posting a transaction to a ledger account, please enter the dete 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 Ret, columa in each ledger, you need to select the correct journal from a llst in the drop-down box prayided. The reference code for the general journal is G3. - Then, enter the amount in the appropriate Debit or Credit column in the lecger. - 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 purposes. For example, it does not matter in an electricity transaction if you type 'Pad for field. The exact wording does not matter for grading - In order to receive full points, under the Ref. column in each ledger, you need to select the correct journal froms alictsty bili'. 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 joumal, record the account number for the entry that has fust been posted to the general ledger. GENERAL JOURNAL GENERAL LEDGER Account: Interest Expense Account No, 571