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Continuing Journal: Page 2 Amounts Brought Forward through End of Month

Learn how to continue journalizing transactions, total columns, and prove cash in a step-by-step guide. Verify your entries for accuracy. Get ready for month-end activities!

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Continuing Journal: Page 2 Amounts Brought Forward through End of Month

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  1. Continuing Journal: Page 2 Amounts Brought Forward through End of Month

  2. Continue journalizing on Page 2 of the Journal. Enter each of the following transactions. If you are unsure of how to enter a transaction, click it and I’ll show you. Then, click back to enter it yourself. When you are finished, click the “More Transactions” button. MORE Transactions

  3. Continue journalizing on Page 2 of the Journal. Enter each of the following transactions. If you are unsure of how to enter a transaction, click it and I’ll show you. Then, click back to enter it yourself. When you are finished, click the “More Transactions” button. MORE Transactions

  4. Click here ONLY after May 28 transactions are entered

  5. I’m done making entries. What now?

  6. Now you are ready to rule the page and total the columns, just as you did for page 1. Draw a line across all amounts columns and total each tolumn.

  7. Now, add debit columns and compare with credit columns. Total debits should equal total credits.

  8. If Total Debits = Total Credits, Click NEXT to double rule across the amounts columns. Double-ruling means these totals have been checked and verified as correct. NEXT If Total Debits ≠ Total Credits, check your math or click ? to verify your entries.

  9. Prove Cash Now we are ready to prove cash. Start with balance at beginning of the month (this amount comes from the company checkbook, but since this is a new business, that amount will be $0.00. Next, add the total cash received during the month. You will find this amount in the Cash Debit Totals column. Finally, subtract the amount of cash paid for the month. This amount can be located in the Cash Credit Totals column. The difference should agree with the ending balance in the company checkbook.

  10. Congratulations! Now you are ready to go move on to the next lesson and MONTH END Activities.

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