Post the transaction to the four-column ledger account and cross-reference the posting back to the journal entry. Journal Page 1 Date Accounts and Explanation. Post. Ref. Debit Credit 2016 Nov. 1 Accounts Payable 60,000 Cash 60,000 Paid on account. Accounts Payable Account No. 201 Balance Date Item Post. Ref. Debit Credit Debit Credit 2016 Cash Account No. 101 Balance Date Item Post. Ref. Debit Credit Debit Credit 2016