CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-4 Posting Special Journal Totals to a General Ledger

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 2 LESSON In the sales journal, write the general ledger account number. POSTING TOTALS OF A SALES JOURNAL TO A GENERAL LEDGER page For each account, calculate and write the new account balance. 1.Write the date. 2.Write the sales journal page number. 3.For each column and account, write the column total.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 LESSON Write the date. POSTING THE TOTAL OF A PURCHASES JOURNAL TO A GENERAL LEDGER page Write the purchases journal page number. 3.For each account, write the purchases journal column total. 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. 2 2

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 11-4 POSTING SPECIAL AMOUNT COLUMN TOTALS OF A CASH RECEIPTS JOURNAL TO A GENERAL LEDGER page Date 2.Journal page number 3.Column total 4.Account balance 5.Account number

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON 11-4 POSTING SPECIAL AMOUNT COLUMN TOTALS OF A CASH PAYMENTS JOURNAL TO A GENERAL LEDGER page Date 2.Journal page number 3.Column total 4.Account balance 5.Account number

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Order of Posting Journals 1.Sales Journal 2.Purchases Journal 3.General Journal 4.Cash Receipts Journal 5.Cash Payments Journal ( Happens to be in REVERSE Alpha Order) 6 LESSON 11-4

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Frequency of Posting Items affecting customer or vendor accounts are posted periodically during the month to keep accounts up to date General ledger accounts are only needed for financial statements so they can posted less often NOTE: Because of when you post some may be OUT OF ORDER. It is OKAY!!! 7 LESSON 11-4

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Audit Your Understanding 1.For which columns of a special journal are the column totals posted to the general ledger? 2.In what order should special journals be posted to the general ledger? 8 LESSON 11-4