I made a greenside chip and followed through poorly. After contact was made, with the ball in mid-flight, my wedge made contact with the ball. The greenside chip was my third stroke.
I marked the ball where it ended up landing. I took a two stroke penalty, dropped the ball nearest as I could to the marker, no closer to the hole, and proceeded to make a putt for my sixth stroke. My playing partners were in agreement that this rule was correct. One partner and I tied for first first on the back 9 (he is a lot better than me) and I regret this penalty.
Is this the correct procedure?