Hello, I am taking an accounting class and the questions states "post to the accounts and keep a running bakance for each account" the question gives a page number to refer to but it does not provide any guidance. What does these means??

Question

Thanks

Answer 1

I'm in accounting too, and if it doesn't give you any numbers to post to the accounts, I have no idea what your going to post it.

Maybe you should try to look around to see if it shows you any numbers.

Answer 2

Without seeing your textbook, how could we know?

Sra

Answer 3

If your posting something, it would be posting it to the general ledgers.

There would be text that tells you what to post onto there.

Example:

1. Received 18,000 Cash for sales of common stock

The journal entry would be

Debit Cash 18,000
Credit Common Stock 18,000

Then you probably would have to make a T-account for it if the directions tell you to.