Question: 8 . ( LO 3 ) K Posting: a . is normally done before journalizing. b . transfers ledger transaction data to the journal. Brief

8.(LO 3) K Posting:
a. is normally done before journalizing.
b. transfers ledger transaction data to the journal. Brief Exercises 2-31
c. is an optional step in the recording process.
d. transfers journal entries to ledger accounts.
8 . ( LO 3 ) K Posting: a . is normally done

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

I need help with a last minute Accounting 1 assignment. My regular tutor is off the grid so I am looking for a replacement. I have created the outline for you and enclosed the rubric, plus all f the...

Q:

Good Morning can you assist me with the Discussion for my Accounting class? 150-200 words I attached the chapter reading just in case you need it ********************************** The Importance of...

Q:

Practice Multiple-Choice Questions 1. (LO 1) The effects on the basic accounting equation of perform ing services for cash are to: a. increase assets and decrease stockholders' equity. b. increase...

Q:

If Year 1 sales equal $750, Year 2 sales equal $840, and Year 3 sales equal 5900, the percentage to be assigned for Year 3 in a trend analysis, assuming that year is the base year, is a. 120%. b....

Q:

1: 2 5 3 I w - Question 3 (1 point) Posting 1) enters transaction data in the journal. 2) normally occurs before journalizing. 3) accumulates the effects of journalized transactions in the individual...

Q:

I need help with all these portions. I got tripped up along Step 4 and havent understood it since. ACCOUNTING CYCLE STEP 3: Post each transact the general ledger working papers provided in your...

Q:

I got stuck on these two steps, can someone help me ? ACCOUNTING CYCLE STEP 3: Post each trans me general ledger working papers provideo teach transaction in the general journal to the general...

Q:

I have completed the General Journal. I just need help doing the General Ledger. August 1 Matt opens a business checking account in the name of BRAP and makes an initial deposit of $5,000 Matt had...

Q:

Hello ExpertAlbert I have another assignment that my tutor has helped me with in the past. I am enclosing screen shots of the problems and a spread sheet that he would usually enclose with the...

Q:

1) I need help journalizing accrued interest from June 16-30. 2) I need help journalizing the first loan payment on july 16. 3) I need help journalizing accrued interest for the end of july. MOSES'S...

Q:

Assume the authors of a popular introductory accounting text have hired you to create spreadsheets that will calculate bond discount amortization schedules like those shown in this chapter. As usual,...

Q:

OLTP systems are focused on providing three things: (1) efficient data input, (2) reliability, and (3) effective processing of a single transaction at a time. Use the knowledge you have gained to...

Q:

47. Whats wrong with kids today? Answer: nothing, for the majority of them. Th ey are great. Witness the action of two San Diego teenage boys recently, when the Normal Heights fi re was at its worst....

Q:

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...