Footing, Proving, Totaling, and Ruling the Cash Receipts Journal
Before posting the amounts from the cash receipts journal to the general ledger, you need to calculate and verify the column totals. This involves footing, proving, totaling, and ruling the sales journal. Follow these steps to complete the cash receipts journal.
Step 1: Draw a single rule across the six amount columns, just below the last transaction.
Step 2: Foot the columns.
Step 3: Check for equality of debits and credits.
Step 4: In the Date column, on the line below the single rule, enter the date of the journal.
Step 5: On the same line in the Account Name column, enter the word "Totals."
Step 6: Enter the column totals, in ink, just below the footings.
Step 7: Double-rule the amount columns.
