Training Room 6: Posting and the Trial Balance

 

Practice 3
  1. Open the Journal for Fanci Foods Ltd., and save it in your Course Folder as pr1-tr6-p3-journal.

  2. Open the Ledger for Fanci Foods Ltd., and save it in your Course Folder as pr1-tr6-p3-ledger.

  3. Post the entries from the journal to the ledger. If you need more room in any of the ledger accounts, especially in the Cash account, since it is being posted to for all of the transactions, right click in a blank row in the account, choose Insert, and select Entire Row.

  4. Open Trial Balance Template, and save it in your Course Folder as pr1-tr6-p3-tb.

  5.  Prepare a trial balance for Fanci Foods Ltd., as of March 31 of the current year.

If you are having difficulty balancing, refer to Finding Trial Balance Errors. This is also available in the Toolkit.

 

When you are finished, use Posting Practice 3 to check your work.

 

Continue to Time to Work if you are confident about posting.