Four-column ledger accounts with running balances, journal and ledger cross-referenced both ways, and footed totals: that is what a finished ledger posting exercise looks like in AC114 Unit 4. Searches like "ac 114 unit 4 assignment example", "ac114 unit 4 sample" and "ac114 unit 4 example" land here.
What a finished AC114 Unit 4 ledger posting exercise looks like
Two artifacts sit side by side. The first is the journal from Unit 3, unchanged except that its reference column is now filled with ledger account numbers. The second is a set of ledger accounts, one per title used, each in the balance-column format: date, item, reference, debit, credit, and a balance split into debit and credit. Every line in an account carries the journal page it came from, J1 or J2, so the path runs back as easily as forward. The balance updates after each posting, which means a reader can see what cash held on any date in the month. Where a section uses T-accounts instead, each side is footed in small figures and the balance is written on the heavier side. The accounts appear in chart order.
How a AC114 Unit 4 example is structured
Posting proceeds entry by entry through the journal, not account by account, and the finished exercise reflects that: dates within each ledger account climb in the same order as the journal. Each posted line records the journal page in the ledger and, at the same moment, the account number back in the journal, a two-way link graders test by picking random lines. Running balances are recomputed after every line rather than at month end, so an error surfaces where it happened instead of only in the total. For T-account versions, footings sit beneath each column and the balance is carried under the larger footing. The exercise closes with a short list of ending balances in chart order, exactly the list Unit 5 will turn into a trial balance.
The journal, now referenced
The same entries from Unit 3, with account numbers written into the reference column to prove each line reached the ledger.
Balance-column accounts
Date, item, reference, debit, credit and a split balance column. Every posting updates the balance immediately, line by line.
Two-way references
Journal to ledger by account number, ledger to journal by page. A grader can start at either end and land on the matching line.
Footings where T-accounts are used
Column totals written small beneath each side, with the balance placed under the larger one and labeled.
Ending balances in chart order
A closing list of every account's balance, ready to become the trial balance in the unit that follows.
Where marks go in AC114 Unit 4
A line posted to the wrong account is the most costly error, because it produces two wrong balances at once and the trial balance may still agree. Graders catch it through the cross-references, which is why missing references cost points of their own: without them the work cannot be verified. Amounts posted to the correct account on the wrong side come next, and in the balance-column format they also corrupt every running balance after them. Footing arithmetic errors in T-accounts draw steady deductions. Skipped journal lines are marked harshly since the omission propagates silently. A balance entered in the debit column when the account has turned credit, or the reverse, costs a smaller amount. Posting in account order instead of journal order is not always wrong, but it often produces dates out of sequence, which some graders mark.
Get a AC114 Unit 4 example written to your instructions
Forward the journal you produced in Unit 3, or the one your AC114 section supplied, plus the Unit 4 instructions and rubric. Posting is carried out on those exact lines and returned in 24-48h with every cross-reference in place. The first custom sample is free, so comparing it against your own ledger costs nothing.
AC114 Unit 4 questions, answered
Should I use T-accounts or four-column ledger accounts?
Whatever your section's problem supplies or names. T-accounts show the two sides visually and suit short problems; the balance-column format shows a running balance and is closer to what accounting software produces. AC114 sections use both, and a sample built to the required form keeps the grader's eye on the numbers rather than the layout.
What exactly goes in the reference columns?
In the journal, the account number of the ledger account each line was posted to. In the ledger, the journal page the amount came from, such as J1. Together they form a two-way trail, and filling both at the moment of posting is what proves a line was transferred rather than copied from memory.
My ledger balances look right but I lost points. Why?
Most often the cross-references were missing or incomplete, which some rubrics score separately from the balances. The other common cause is an unusual balance written in the usual column, such as cash that briefly went negative shown as a debit. Graders check the path as well as the destination, since the course is teaching the path.