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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 11-2 Posting to an Accounts Receivable Ledger.

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Presentation on theme: "CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 11-2 Posting to an Accounts Receivable Ledger."— Presentation transcript:

1 CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 11-2 Posting to an Accounts Receivable Ledger

2 CENTURY 21 ACCOUNTING © Thomson/South-Western 2 LESSON 11-2 ACCOUNTS RECEIVABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT page 307 Controlling Account Summary Total for details in the Subsidiary Ledger Subsidiary Ledger Details for each Customer

3 CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 11-2 ACCOUNTS RECEIVABLE LEDGER FORMS page Customer name2 Customer number To open an account in the Accounts Receivable subsidiary ledger: 1. Write the vendor name2. Write the account number

4 CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 11-2 POSTING FROM A SALES JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER page Add the amount in the Debit column to the previous balance in the Debit Balance column. Write the new account balance. 1.Write the date. 2.Write the sales journal page number. 3.Write the debit amount. 5.Write the customer number.

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

6 CENTURY 21 ACCOUNTING © Thomson/South-Western 6 LESSON Write the date. POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER page Write the general journal page number. 3.Write the amount. 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.

7 CENTURY 21 ACCOUNTING © Thomson/South-Western 7 LESSON 11-2 COMPLETED ACCOUNTS RECEIVABLE LEDGER page 312

8 CENTURY 21 ACCOUNTING © Thomson/South-Western 8 LESSON 11-2 PROVING THE ACCOUNTS RECEIVABLE LEDGER page 313


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