General Journal and Ledger Paper?

First, lets start off with the fact my handwriting sucks and I know it. In the link below I have some two column ledger paper and the very beginning of a sample problem. Am I filling it out correctly?
For example, I'm trying to have July 18 set as Cash debit $1,500.00. Do I have the 1,5 and two zero's in the correct place? Should the spot right after the final zero be used for cents? Or whatever decimal unit the currency one is dealing in is?
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Justin,
You have filled the ledger sheet out correctly. Yes, the last spot is for cents but many accountants leave it blank as you have done.
Best to you... B Hill
lets start off with the fact my handwriting sucks and I know it.<BR>In the link below I have some two column ledger paper and the very<BR>beginning of a sample problem.&nbsp; Am I filling it out correctly?<BR>For example, I'm trying to have July 18 set as Cash debit $1,500.00.<BR>Do I have the 1,5 and two zero's in the correct place?&nbsp; Should the spot<BR>right after the final zero be used for cents?&nbsp; Or whatever decimal unit<BR>the currency one is dealing in is?<BR><BR><A href="
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You might consider a "-" (long dash) in the cent box to indicate a zero. It makes it clear to you that there was no cent involved. Also when you total columns and there may be a difference, you will narrow down errors by removing some doubt about whether you left out some cent from a column. It also help ensure your figures lines up under each other i.e. you dont write dollars/euro in the cent column. It also looks neater :-)
Justin wrote:

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Strange thing happened last night. I was doing a sample excercise. I finished, and it balanced. So I went to bed on a good note. I think.
nilsson wrote:

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nilsson wrote:

Is it OK to use pencil? A few people inclass asked that question and the prof said that's fine. BUT, in the real world must ledger sheets be in ink to keep people from smudging or screwing around with them?
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