1. 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
Individual amounts in Accounts Payable Debit column posted frequently to proper vendor accounts in accounts payable ledger.
Business must monitor outstanding accounts payable balances to ensure it can continue to purchase goods and services on account
Many vendors establish limits on outstanding balances of customers
A credit limit is the maximum outstanding balance allowed to a customer by a vendor.

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 2
Journal Page Number 3
Debit 1
Date 5
Vendor Number 4
Account Balance

3. Posting from the General Amount Columns of a Cash Payments Journal to a General Ledger
Each amount in General columns of cash payments journal posted individually to general ledger account written in Account Title column

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. Informal Writing
Summarize the process for posting from the cash payments journal to the subsidiary and general ledgers in three bullet points

6. Totaling, Proving, and Ruling a Cash Payments Journal
Journal proved and ruled whenever journal page is filled and always at end of month
Total for each column written in next available line
Totals used to prove debits equal credits
Common errors include entering amounts incorrectly and entering correct amount in wrong column or even wrong journal

7. 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

8. Totals of General amount columns not posted
Posting from the Special Amount Columns of a Cash Payments Journal to a General Ledger
Total of each special amount column…posted to account names in column’s heading… whenever page is filled and at end of month
Totals of General amount columns not posted
Each amount in these columns posted individually to general ledger account
To indicate these totals are not posted, check mark placed in parentheses below each column total

9. 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

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

11. Proving the Accounts Payable Ledger
Lesson 9-5
Proving the Accounts Payable Ledger
LO10
Controlling account balance in general ledger…must equal sum of all account balances in subsidiary ledger
A listing of vendor accounts, account balances, and the total amount due to all vendors is called a schedule of accounts payable.
Also known as an account payable trial balance
Schedule of accounts payable is prepared after all entries in all journals are posted

12. Proving the Accounts Payable Ledger
Lesson 9-5
Proving the Accounts Payable Ledger
LO10

13. 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

14. 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.

15. 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.

16. Numbered Heads Together
Work in teams of five to complete 9-5 Work Together
If everyone receives 100% and your team completes it faster than the other team, your group will receive air heads
Not only do you need to receive 100% across the entire team, but you also need to make sure each team member can explain the process of posting from the sales journal to either the General Ledger or Subsidiary Ledger
Once we are finished, we will follow the same procedure for 9-5 OYO (10 mins)

17. Proper Order
Place the index cards with different stages of posting from the cash payments journal in proper sequence
First group to finish first wins!
Flash Card Review Game
Each student approaches board to flip over a new card
If answered correctly, student gets 5 points
If not, receive nothing
Students with most points get Starbursts (Jess needs to receive her amount)

18. Closure Are credit limits helpful or more harmful? Why?
How can you ensure payment?