Accounting and Finance Foundations

Unit 6

Accounting and Finance Foundations Unit 6: Journalizing 475

Lesson 16.3 Posting to the General Ledger (cont’d)

Journalizing

Chapter 16Chapter 6

Student Guide

Revenue, Design Services

Subsidiary Ledger 410

December 20YY

Beginning

Balance

$0.00

Date

General

Ledger

Description of Transaction Debit Credit Balance

1 12/01/20YY 410 Income, Design Services $3,000.00 -$3,000.00

2 12/21/20YY 410 Income, Design Services $5,000.00 -$8,000.00

Expenses Subsidiary Ledger 510–599

December 20YY

Beginning

Balance

$0.00

Date

General

Ledger

Description of Transaction Debit Credit Balance

1 12/15/20YY 510 Rent Expense $500.00 $500.00

2 12/21/20YY 520 Utilities Expense $200.00 $700.00