In this homework assignment you will develop a simplified four-column ledger accou system for a local bank. A four-column ledger account form has spaces to enter the account name, the accoL number, the date, a description of the entry, and the posting reference. It also has fo columns in which to record dollar amounts: Debit, Credit, Debit Balance, and Credit Balance. A simplified four-column ledger would have the account name and number date oftrancaction and the fo ur columns

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 8EA: Maddie Inc. has the following transactions for its first month of business. A. What are the...
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In this homework assignment you will develop a simplified four-column ledger account
system for a local bank.
A four-column ledger account form has spaces to enter the account name, the account
number, the date, a description of the entry, and the posting reference. It also has four
columns in which to record dollar amounts: Debit, Credit, Debit Balance, and Credit
Balance. A simplified four-column ledger would have the account name and number,
date of transaction and the four columns.
Transcribed Image Text:In this homework assignment you will develop a simplified four-column ledger account system for a local bank. A four-column ledger account form has spaces to enter the account name, the account number, the date, a description of the entry, and the posting reference. It also has four columns in which to record dollar amounts: Debit, Credit, Debit Balance, and Credit Balance. A simplified four-column ledger would have the account name and number, date of transaction and the four columns.
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