Post
When we post, we take the journal entry and transfer the amount of the debit to the associated account in the general ledger, and we do the same for the credit. The general ledger is a book in which each account has its own page. Each page is considered a ''T'' account, so named because in the old days a large ''T'' was drawn on the page. The name of the account was written across the top. The left side was used for the debits, and the right side was used for the credits (consistent with our previous statement that debits are on the left and credits on the right). In our sample entry, we were debiting $10,000 to the Cash account and crediting $10,000 to the Sales account. The T account for the Cash account is shown in Figure 3-2, and the ...
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