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Unformatted text preview: The general journal has columns for date, account title and explanation, reference, and debit and credit amounts. When control and subsidiary accounts are not involved, the procedures for journalizing and posting of transactions are the same as those described in earlier chapters. When control and subsidiary accounts are involved, two changes from the earlier procedures are required: 1. In journalizing , both the control and the subsidiary accounts must be identified. 2. In posting , there must be a dual posting : once to the control account and once to the subsidiary account....
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- Spring '11