Posted by Kim on .
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??
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.
Without seeing your textbook, how could we know?
P.S. Here are some Account Tutorials that might explain what you are doing better:
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.
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.