1. LESSON 10-1 Posting to An Accounts Payable Ledger
11/23/2018
LESSON 12-1
Posting to An Accounts Payable Ledger

2. TERMS REVIEW Subsidiary ledger Accounts payable ledger
page 287
Subsidiary ledger
A ledger that summarized in a single general ledger account
Accounts payable ledger
Subsidiary ledger containing only accounts for vendors from whom items are purchased or bought on account
Accounts receivable ledger
Subsidiary ledger containing only accounts for charge customers
Controlling Account
An account in the general ledger that summarizes all accounts in a subsidiary ledger
LESSON 10-1

3. ACCOUNTS PAYABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT3
ACCOUNTS PAYABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT
ACCOUNTS PAYABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT
page 299
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 11-2

4. ACCOUNTS PAYABLE LEDGER FORMS4
ACCOUNTS PAYABLE LEDGER FORMS
page 300 1 2 3 4 5 6
1. Write the vendor name.
2. Write the vendor number.
3. Write the date.
4. Write the word Balance.
5. Place a check mark in the Post. Ref. column.
6. Write the balance.
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 11-2

5. POSTING FROM A PURCHASES JOURNAL TO AN ACCOUNTS PAYABLE LEDGER5
POSTING FROM A PURCHASES JOURNAL TO AN ACCOUNTS PAYABLE LEDGER
page 301 2 1 3 5 4
1. Write the date.
2. Write the journal page number.
4. Write the new account balance.
3. Write the credit amount.
5. Write the vendor number.
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 11-2

6. Audit Understanding
What accounts are contained in the accounts payable ledger?
Accounts for vendors from whom items are bought on account
What is the relationship between a controlling account and a subsidiary ledger?
Balance of controlling account = total of all account balances in its related subsidiary ledger
What is the title of the balance amount column of and accounts payable ledger form?
Credit Balance
LESSON 11-2

7. LESSON 10-1 Posting to An Accounts Payable Ledger
11/23/2018
LESSON 12-2
Posting to An Accounts Payable Ledger

8. Terms Review and Audit Understanding
Schedule of accounts payable
A list of vendor accounts, balances, and total due
In which column of the cash payments journal are the amounts that are posted individually to the accounts payable ledger?
Accounts Payable debit column
What accounts are listed on a schedule of accounts payable?
Vendor Accounts
LESSON 11-2

9. POSTING FROM A CASH PAYMENTS JOURNAL TO AN ACCOUNTS PAYABLE LEDGER2 1 5 3
1. Write the date.
2. Write the journal page number.
3. Write the debit amount. 4
4. Subtract the amount in the Debit column from the previous balance in the Credit column. Write the new balance.
5. Write the vendor number.
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 11-2

10. POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS PAYABLE LEDGER2 1 5 3 4
1. Write the date.
4. Add the amount in the Credit column to the previous balance in the Credit Balance column. Write the new balance.
2. Write the general journal page number.
3. Write the amount.
5. Write the vendor number.
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 11-2

11. POSTING A DEBIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS PAYABLE LEDGER2 1 3 5 4
1. Write the date.
4. Add the amount in the Debit column to the previous balance in the Debit Balance column. Write the new balance.
2. Write the general journal page number.
3. Write the amount.
5. Write the vendor number.
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 11-2

12. COMPLETED ACCOUNTS PAYABLE LEDGER12
COMPLETED ACCOUNTS PAYABLE LEDGER
page 304
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 11-2

13. PROVING THE ACCOUNTS PAYABLE LEDGER13
PROVING THE ACCOUNTS PAYABLE LEDGER
page 305
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 11-2

14. Posting to an Accounts Receivable Ledger
LESSON 12-3
Posting to an Accounts Receivable Ledger

15. ACCOUNTS RECEIVABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT
LESSON 11-2
11/23/2018
ACCOUNTS RECEIVABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT
page 307
LESSON 11-2

16. ACCOUNTS RECEIVABLE LEDGER FORMS
page 308 1
Customer name 2
Customer number
LESSON 11-2

17. POSTING FROM A SALES JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER
page 309 2 5 1 3 4
1. Write the date.
4. Add the amount in the Debit column to the previous balance in the Debit Balance column. Write the new account balance.
2. Write the sales journal page number.
5. Write the customer number.
3. Write the debit amount.
LESSON 11-2

18. Audit Your Understanding
What accounts are contained in an accounts receivable ledger?
Customer Accounts
To which accounts are the separate amounts in the sales journal posted individually?
Customer accounts list in the account debited column
LESSON 11-2

19. Additional Posting to an Accounts Receivable Ledger
Lesson 12-4
Additional Posting to an Accounts Receivable Ledger
LESSON 11-2

20. Schedule of Accounts Receivable
Terms
Schedule of Accounts Receivable
Listing of customer accounts, balances, and total amount due
LESSON 11-2

21. POSTING FROM A CASH RECEIPTS JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER
page 310 2 1 5 3
1. Write the date.
2. Write the cash receipts journal page number.
3. Write the credit amount. 4
4. Subtract the amount in the Credit column from the previous balance in the Debit Balance column. Write the new balance.
5. Write the customer number.
LESSON 11-2

22. POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER
page 311 2
1. Write the date.
2. Write the general journal page number. 1
3. Write the amount. 5 3
4. Subtract the amount in the Credit column from the previous balance in the Debit Balance column. Write the new balance. 4
5. Write the customer number.
LESSON 11-2

23. COMPLETED ACCOUNTS RECEIVABLE LEDGER
page 312
LESSON 11-2

24. PROVING THE ACCOUNTS RECEIVABLE LEDGER
page 313
LESSON 11-2

25. Audit Understanding 12-4
page 314
In which column of the cash receipts journal are the amounts that are posted individually to the accounts receivable ledger?
Accounts Receivable Credit Column
What accounts are listed on a schedule of accounts receivable?
All customers accounts that have balances
LESSON 11-2

26. LESSON 11-2 Posting from Journals to a General Ledger
11/23/2018
LESSON 12-5
Posting from Journals to a General Ledger

27. STARTING A NEW PAGE FOR AN ACCOUNT IN A GENERAL LEDGER1 2 3 4 5 6
1. Write the account title.
2. Write the account number.
3. Write the date.
4. Write the word Balance in the Item column.
5. Place a check mark in the Post. Ref. column.
6. Write the balance.
LESSON 11-2

28. POSTING FROM THE GENERAL AMOUNT COLUMNS OF A CASH PAYMENTS JOURNAL TO A GENERAL LEDGER
page 316 2 3 1 5
1. Write the date.
2. Write the journal page number.
3. Write the debit amount. 4
4. Add the amount in the Debit column to the previous balance in the Balance Debit column. Write the new balance.
5. Write the general ledger account number.
LESSON 11-2

29. POSTING A DEBIT ENTRY FROM A GENERAL JOURNAL TO A GENERAL LEDGER
page 317 2
1. Write the date.
2. Write the general journal page number. 1 5 3
3. Write the amount.
4. Calculate and write the new account balance. 4
5. Write the general ledger account number.
LESSON 11-2

30. POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO A GENERAL LEDGER
page 318 2
1. Write the date.
2. Write the general journal page number. 1 5 3
3. Write the amount.
4. Calculate and write the new account balance.
5. Write the general ledger account number. 4
LESSON 11-2

31. Audit Understanding 12-5
Which amounts in a general journal are posted individually?
Amounts in the Debit and Credit columns
List the five steps for posting to a general ledger account.
write the date, write the journal page in the post ref column of the account, write the amount in the debit or credit column of the account, calculate and write the new account balance in the balance debit or balance credit column, write the general ledger account number in the post ref column on the general journal.
LESSON 11-2

32. Posting Totals to a General Ledger
LESSON 12-6
Posting Totals to a General Ledger

33. POSTING TOTALS OF A SALES JOURNAL TO A GENERAL LEDGER
LESSON 11-2
11/23/2018
POSTING TOTALS OF A SALES JOURNAL TO A GENERAL LEDGER
page 320 2
1. Write the date.
2. Write the sales journal page number. 1 3
3. For each column and account, write the column total. 5
4. For each account, calculate and write the new account balance. 4
5. In the sales journal, write the general ledger account number.
LESSON 11-2

34. POSTING THE TOTAL OF A PURCHASES JOURNAL TO A GENERAL LEDGER
page 321 2
1. Write the date.
2. Write the purchases journal page number.
3. For each account, write the purchases journal column total. 3 1 5
4. For each account, calculate and write the new balance.
5. Write the purchases general ledger account number and the accounts payable general ledger account number. 4
LESSON 11-2

35. POSTING SPECIAL AMOUNT COLUMN TOTALS OF A CASH RECEIPTS JOURNAL TO A GENERAL LEDGER
page 322 2
1. Date
2. Journal page number 1 3
3. Column total 5
4. Account balance
5. Account number 4
LESSON 11-2

36. POSTING SPECIAL AMOUNT COLUMN TOTALS OF A CASH PAYMENTS JOURNAL TO A GENERAL LEDGER
page 324 2 1 3 5
1. Date
2. Journal page number 4
3. Column total
4. Account balance
5. Account number
LESSON 11-2

37. Audit Understanding 12-6
For which columns of a special journal are the column totals posted to the general ledger?
Each special amount column.
In what order should special journals be posted to the general ledger?
(1) Sales Journal (2) purchase journal, (3) general journal, (4) cash receipts journal, (5) cash payments journal.
LESSON 11-2

38. Correcting Errors in Subsidiary Ledger Accounts
Extra Information
Correcting Errors in Subsidiary Ledger Accounts

39. JOURNALIZING CORRECTING ENTRIES AFFECTING CUSTOMER ACCOUNTS
LESSON 11-2
11/23/2018
JOURNALIZING CORRECTING ENTRIES AFFECTING CUSTOMER ACCOUNTS
page 327
December 10. Discovered that a sale on account to Cumberland Center on December 3 was incorrectly charged to the account of Country Crafters, $ Memorandum No. 56. 2 4 1 5 3 6
1. Write the date.
5. Write the name of incorrectly charged customer.
2. Write the name of correct customer.
6. Write the amount.
3. Write the memorandum number.
4. Write the amount.
LESSON 11-2