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Select the Posting | Post. The Posting Batch screen will appear. Select New, then type 11 in the Document type box. Click OK. The next screen asks if the postings are 'Draft corrections' or 'Journals'. Leave the Journals option selected and click OK. Then make the following journal entries:
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Nominal description |
A/c |
Dr |
Cr |
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£ |
£ |
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Capital introduced partner 4 |
985/2*4 |
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5,000 |
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Drawings partner 4 |
985/21*4 |
15,000 |
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Salary |
221/1 |
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10,000 |
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When posting to account 221/1 Accounts Production expects a debit so a message will appear, because this journal is reversing out a previously made posting it should be a credit. Click No to this message.
Once finished, click Close.