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When an entry is made in the general journal:

If a journal entry that contains an error has already been posted, a correcting entry should be journalized and posted.

When posting, what is recorded in the Posting Reference column of the journal?

The Posting Reference column of a journal is used to:

If a transaction is properly analyzed and recorded:

Lewis Company provided $3,600 of legal services. The client paid $2,200 up front and agreed to pay the remaining $1,400 in two weeks. Select the correct journal entry from the options below to record the transaction.

Blocking Incorporated performed services for clients in the amount of $2,100 on credit. If this transaction had been posted in error to the Cash account instead of the Accounts Receivable account, what correcting entry would be necessary?

Account names are written in the general journal exactly as they appear in the chart of accounts.

The Cash account has a $17,100 debit balance. A $2,500 credit entry and a $4,000 debit entry are posted to the account. The final balance of the Cash account is:

  7+2 is what?  Do not submit this multiple-choice “test” until you have completed ET2 (above) based on the directions that you have been sent regarding this event.