|Purpose:||(L.O. 6) This exercise will illustrate how to post transactions from the general journal to the general ledger.|
Journal entries to record transactions for the J. Lo Motorcycle Repair Shop, Inc.. for August 2014 appear in the Solution to Exercise 2-3.
Post the entries referred to above from the general journal to the following T-accounts. In the reference column of the journal (using the Solution to Exercise 2-3), write the account number to which a debit or credit amount is posted.