Final answer:
The recorded transaction information is transferred from the journal to the ledger, where individual account changes are tracked. This process is known as posting.
Step-by-step explanation:
After transaction information has been recorded in the journal, the next step in the accounting process is to transfer this information into the ledger. The ledger is a collection of accounts that show the changes made to each account as a result of transactions, and the current balance in each account. This process is known as posting. Once transactions are posted to the ledger, they can be summarized into the trial balance, which is used to prepare financial statements such as the income statement and balance sheet. It is important to note that the general journal is the book of first entry where transactions are initially recorded, and not where they are transferred after being recorded.