1. Special Journals Subsidiary Ledgers

2. Sales Journal

3. Sales Journal (with Cost of Goods Sold)

4. Cash Receipts Journal

5. Purchases Journal (credit purchased)

6. Cash Disbursements Journal

7. Special Journals record in One and Only One Journal You only record Journal Entries in ONE Journal If a company uses Special Journals You either record the Jnl Entry in the Gen Jnl OR the Special Jnl Not both

8. Accounts Receivable Subsidiary Ledger

9. AR sub ledger with Sales Journal

10. Subsidiary Ledgers You post the Journal Entries from the Journal into Both the General Ledger (the control account) And the Subsidiary Ledger The General Ledger must be complete in order to prepare Fin Statements Rather than a Sub Ledger – some companies create and Acc Receivable for every customer

11. Subsidiary Ledgers You will also need an Accounts Payable Subsidiary Ledger to keep track of home much you owe each vendor Rather than a Sub Ledger – some companies create and Acc Payable for every customer look at your checkbook – your checking account number is an account number at the bank