Proper format is shown in Exhibit 3 on page 65. Journal entries are recorded chronologically, as they occur in the general journal. The journal does not show any individual account's balance. The General ledger More sophisticated version of a T-acct. Individual transactions are posted from the journal to the ledger.
Posting means that all accounts affected in the journal entry are updated in the ledger.
After all transactions are posted from the journal, the ledger balance for each account is obtained by summing all debits and credits to the ledger account. The trial balance lists all accounts in the ledger showing each account's balance in either the debit or credit column.