Posting Practice Questions

1. Complete the balance column by calculating and entering the balance after each entry. Be
sure to indicate each time whether the balance is a debit or credit.

Account: Bank
Debit
1 500 00
800 00

Credit

DR/CR

Balance

DR/CR

Balance

2 400 00
450 00
800 00
1 150 00
625 00
125 00

Account: Credit Card (Liability)

Debit
Credit
1 000 00
500 00
750 00
250 00
1 000 00
850 00
950 00
550 00

2. The journal and ledger for C. Fries appear on the following pages. Post the journal entries to
the ledger accounts. When this is completed, take off a trial balance to ensure that your work
is accurate.

Posting Practice Questions

DATE

GENERAL JOURNAL
PARTICULARS

P.R.

PAGE: 40
DEBIT CREDIT

20__

Jan

Bank

791.00

Revenue
HST Payable
Cash Sale
7

700.00
91.00

Wages Expense
Bank
Wages for week.

1,500.00
1,500.00

10 Bank

370.00

A/R P. Berry
Received on account

370.00

15 Supplies
HST Recoverable
A/P General Supply Co.
Paper products
21 A/R P. Berry
Revenue
HST Payable
Sale on account.

1,100.00
143.00
1,243.00

565.00
500.00
65.00

25 C. Fries, Drawings
Bank
For personal use.

800.00
800.00

30 General Expense
HST Recoverable
Bank
Materials used.

240.00
31.20
271.20

Posting Practice Questions

GeneralLedger
Account: Bank
Date
Particulars
20__
Dec.
31 Forwarded

P.R.

Debit

Credit

No.
DR/CR

105
Balance

DR

1,900.00

No.
DR/CR

110
Balance

DR

370.00

No.
DR/CR

115
Balance

DR

1,420.00

No.
DR/CR

120
Balance

DR

9,075.00

GeneralLedger
Account: A/RP.Berry
Date
Particulars
20__
Dec.
31 Forwarded

P.R.

Debit

Credit

GeneralLedger
Account: Supplies
Date
Particulars
20__
Dec.
31 Forwarded

P.R.

Debit

Credit

GeneralLedger
Account: Equipment
Date
Particulars
20__
Dec.
31 Forwarded

P.R.

Debit

Credit

Posting Practice Questions

GeneralLedger
Account: A/PGeneralSupplyCompany
Particulars
Date
20__
Dec.
31 Forwarded

P.R.

Debit

Credit

No.
DR/CR

205
Balance

CR

2,030.00

No.
DR/CR

210
Balance

CR

225.00

No.
DR/CR

215
Balance

DR

75.00

No.
DR/CR

305
Balance

GeneralLedger
Account: HSTPayable
Particulars
Date
20__
Dec.
31 Forwarded

P.R.

Debit

Credit

GeneralLedger
Account: HSTRecoverable
Particulars
Date
20__
Dec.
31 Forwarded

P.R.

Debit

Credit

GeneralLedger
Account: C.Fries,Capital
Particulars
Date
20__
Dec.
31 Forwarded

P.R.

Debit

Credit

10,585.00

GeneralLedger
Account: C.Fries,Drawings
Date
Particulars

P.R.

Debit

Credit

No.
DR/CR

310
Balance

Posting Practice Questions

GeneralLedger
Account: Revenue
Date

Particulars

P.R.

Debit

Credit

No.
DR/CR

400
Balance

Debit

Credit

No.
DR/CR

500
Balance

Credit

No.
DR/CR

505
Balance

GeneralLedger
Account: GeneralExpense
Date
Particulars

P.R.

GeneralLedger
Account: WagesExpense
Date
Particulars

P.R.

Debit

Posting Practice Questions

Accounts

Debit

Credit

Posting Practice Questions

3. The Bank account page shown below is filled. Forward the balance to a new account page.

ACCOUNT
Date

Bank
Particulars

2005
July 1
7

No. 100
P.R.
J1
J1

Debit

Credit

1 900 -1 900 --

DR/CR
DR
DR

1 900 -3 800 --

13

J1

500 --

DR

3 300 --

19

J2

275 --

DR

3 025

21

J2

50 --

DR

2 975

25

J2

75 --

DR

2 900

27

J3

DR

3 900

29

J3

DR

3 800

1 000 -100 --

ACCOUNT
Date

Balance

No.
Particulars

P.R.

Debit

Credit

DR/CR

Balance