Posting to Ledger: After the journal entries are passed, the accounts are posted to the ledger and the balances in each ledger are calculated. Ledger preparation can have different formats depending on the business needs. To Post: Journal entries to the ledger accounts and computation of balances for each of those ledger accounts in T-form.

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Chapter 2, Problem 12E

1

To determine

Posting to Ledger:

After the journal entries are passed, the accounts are posted to the ledger and the balances in each ledger are calculated. Ledger preparation can have different formats depending on the business needs.

To Post:

Journal entries to the ledger accounts and computation of balances for each of those ledger accounts in T-form.

2

To determine

Trial Balance:

A trial balance is prepared to show the arithmetical accuracy of the ledgers so posted. However, this does not guarantee that accounts are prepared correctly. The trial balance serves as the prima facie document to show that the ledger balances are properly recorded from the journal.

To Prepare: A trial balance as of August 31^s^t

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