General Ledger Accounting Software

Posts Tagged ‘journal’

Prepare the journal entries to record the reimbursement of petty cash fund.
General ledger account Petty cash has a balance of 3,000.00
Coins and Currency – 152.00
An IOU from Allison, an employee for cash advance- 740.00
Petty cash vouchers for the following:
Softdrinks- 200.00
Rice – 143.50
Papers – 1,700

On May 1st I purchased a campground. I paid $1000 for May’s insurance premium on the new campground. How would I post to General Ledger?

Debit; Insurance Expense $1000
Credit: Cash $1000 ??

Learn step-by-step how to enter general journal entries in CenterPoint Accounting Software for Agriculture. CenterPoint Accounting Software for Agriculture is used by farms and agricultural operations across the United States. For more information about CenterPoint Accounting Software for Agriculture, please visit www.redwingsoftware.com/centerpoint.

I’m doing an adjusting entry of $52,640(cr) in the Merchandise Inventory account in my general ledger, and I want to post it in my genereal journal.. so what do i debit?

Upon reviewing the bank reconciliation, you realized that the general ledger had not been adjusted for $500 worth of NSF checks received for cash sales during the year that were recorded but which later bounced. The individual checks were for small amounts and the company does not expect to be able to collect the funds due.

which of the following in not normally organized in financial statement account sequence? Journal general ledger, trial balance, balance sheet

Can i Debit and credit the same account in a general journal?

I am doing an accounting project in school. We played Monopoly for 2 days and record all our transactions in General Journals, Ledgers etc. Anyway, in the game, i traded my property ( 180$ ) for someone elses property ( 220$ ) anyway, how would i record that? Would Credit my Property account 180$ and debit it 220$?

This short, 8 minute video, is an overview of using an Excel file as the source document for integration into Microsoft Dynamics GP. We use SmartConnect as the tool to integrate a journal entry into GP

Or do they just go automatically in the general ledger
If you knew what I was talking about you would know I’m talking about bookkeeping those are all bookkeeping terms.

Financial Accounting

Global Corporation bought Georgian Theater, because it was starting to lose money. So after signing the contract, Global made these transactions, that I have posted to the General Journal: (click on the links that I uploaded to read the General Journal) >>

PAGE 1 — http://img189.imagevenue.com/img.php?loc=loc452&image=29422_GENERAL_JOURNAL_PG._1_122_452lo.jpg

PAGE 2 — http://img226.imagevenue.com/img.php?image=29434_GENERAL_JOURNAL_PG._2_122_473lo.jpg&loc=loc473

PAGE 3 — http://img166.imagevenue.com/img.php?image=29455_GENERAL_JOURNAL_PG._3_122_712lo.jpg

Now I need to develop a ledger by opening an account for each account title that I have listed in the journal entries and then Post the journal entries to the ledger.

Since I just started financial accounting, I am stuck here so please help me out on how to do that.