Please reply to the following posts with a short response of your thoughts and option on their post.

Post #1

A complete record of every transaction is know as a journal. The journal also shows the debits and credits for each of the transactions. Once transactions are recording in the journal they are posted in the ledger. All entries have to be put in the ledger before financial statements are made to ensure all account balances are up to date. "When entries are posted to the ledger, the debits in journal entries are transferred in to ledger accounts as debits, and credits are transferred into ledger accounts as credits"

Post #2

Steps 3 and 4 of processing transactions are recording a journal entry and then posting entry to the ledger. Journals record each transaction in chronological order and shows debits and credits for each transaction (Wild, J. et al, 2021). Step 4 is to post the journal information to ledger accounts, this keeps the account balances up to date (Wild, J. et al, 2021).