1. © 2014 Cengage Learning. All Rights Reserved.
Learning Objectives
LO10 Post cash payments to an accounts payable ledger and a general ledger.
© 2014 Cengage Learning. All Rights Reserved.

2. Posting from a Cash Payments Journal to an Accounts Payable Ledger
Lesson 9-5
Posting from a Cash Payments Journal to an Accounts Payable Ledger
LO10
A credit limit is the maximum outstanding balance allowed to a customer by a vendor.

3. Posting from a Cash Payments Journal to an Accounts Payable Ledger
Lesson 9-5
Posting from a Cash Payments Journal to an Accounts Payable Ledger
LO10 2
Journal Page Number 3
Debit 1
Date 5
Vendor Number 4
Account Balance

4. Lesson 9-5
Posting from the General Amount Columns of a Cash Payments Journal to a General Ledger
LO10 2
Journal Page Number 3
Debit 1
Date 5
Vendor Number 4
Account Balance

5. Totaling, Proving, and Ruling a Cash Payments Journal
Lesson 9-5
Totaling, Proving, and Ruling a Cash Payments Journal
LO10 3
Single Rule 1
Date 2
“Totals” 4
Column Total 5
Double Rule

6. Lesson 9-5
Posting from the Special Amount Columns of a Cash Payments Journal to a General Ledger
LO10
Journal Page Number 2 3
Debit or Credit Amount 1
Date 5
Account Number 4
Account Balance 5 5 1 2 3 4 1 2 3 4

7. Completed Accounts Payable Ledger
Lesson 9-5
Completed Accounts Payable Ledger
LO10

8. Proving the Accounts Payable Ledger
Lesson 9-5
Proving the Accounts Payable Ledger
LO10
A listing of vendor accounts, account balances, and the total amount due to all vendors is called a schedule of accounts payable.

9. Lesson 9-5 Audit Your Understanding
1. In which column of the cash payments journal are the amounts that are posted individually to the accounts payable ledger?
ANSWER
Accounts Payable Debit

10. Lesson 9-5 Audit Your Understanding
2. List the five steps for ruling a cash payments journal at the end of the month.
ANSWER
1. Rule a single line across all amount columns.
2. Write the date in the Date column.
3. Write Totals in the Account Title column.
4. Write each column total below the single line.
5. Rule a double line across all amount columns.

11. Lesson 9-5 Audit Your Understanding
3. What is the relationship between a controlling account and a subsidiary ledger?
ANSWER
A controlling account balance in a general ledger must equal the sum of all account balances in a subsidiary ledger.