Create and post a reversing entry

Create and post a reversing entry

Part 1: Create and post a reversing entry
1. Click the Open icon.
2. Type journal entries in the Filter field.
3. Click the Journal Entries list item.
4. Click the OK button. The Journal Entries (Filter in Place) form opens.
5. Click the Journal drop-down list.
6. Click the [your journal id] list item. This is the journal you created in Exercise 4.1.
7. Click the Filter in Place icon. A dialog box opens with the message, “Not one Journal 
Transaction exists for XX Journal.”
8. Click the OK button.
9. Type 53300 in the Account field.
10. Type 1000.00 in the Domestic Debit field.
11. Click to select the Reversing check box. This is found in the lower right part of the form.
12. Click the New icon.
13. Click the Account drop-down arrow on the General tab below.
14. Click the 20030 list item.
15. Type 1000.00 in the Domestic Credit field.
16. Click the Save icon. 
17. Click the Post Journal button. The Ledger Posting for Journal (Modal) form opens.
18. Verify [first date of the next month] is selected in the Reversing Transaction Date field.
19. Click the Process button. A dialog box opens with the message, “[Journal Transaction Report] 
will be printed.”
20. Click the OK button. The Ledger Posting for Journal Report opens in a new tab.
21. Click the X on the report tab to close. A dialog box opens with the message, “Report Submitted”.
22. Click the OK button.
23. Click to select the Commit radio button.
24. Click the Process button. A dialog box opens with the message, “[Post] will be performed.”
25. Click the OK button. A dialog box opens with the message, “2 Journal Transaction(s) were 
posted.”
26. Click the OK button.
27. Click the X on the Ledger Posting for Journal (Modal) form. Note: The entries no longer show 
in the Journal Entries form as they have been posted.
Part 2: View the posted transactions
1. Click the Open icon.
2. Type g/l posted in the Filter field.
3. Click the G/L Posted Transactions list item.
4. Click the OK button. The G/L Posted Transactions (Filter in Place) form opens.
5. Type [your initials] in the Control Number prefix field. This will be the first field to the right of 
Control Number.
6. Click the Filter in Place icon.
7. Verify that you have both posted and reversed the entries.
8. Click the X on the G/L Posted Transactions form.

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