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

Slides:



Advertisements
Similar presentations
Chapter 12 – Posting to General & Subsidiary Ledgers
Advertisements

LESSON 11-1 Posting to an Accounts Payable Ledger
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-1 Posting to an Accounts Payable Ledger.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 11-4 Posting Special Journal Totals to a General Ledger.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-2 Posting to an Accounts Receivable Ledger.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-2 Posting to an Accounts Receivable Ledger.
Posting to General and Subsidiary Ledgers
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-3 Posting from Journals to a General Ledger.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-3 & 11-4 Posting from Journals to a General Ledger.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 11-2 Posting to an Accounts Receivable Ledger.
© 2000 South-Western Educational Publishing POSTING A JOURNAL’S GENERAL AMOUNT COLUMNS 3.Write the debit amount. 1. Write the date. 4.Calculate and write.
 A businesses size, number of transactions, and types of transactions determine the number of ledgers used in an accounting system.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 12-1 Posting to An Accounts Payable Ledger.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 11-1 Posting to an Accounts Payable Ledger.
LESSON 11-1 Posting to an Accounts Payable Ledger.
LESSON 11-1 Posting to an Accounts Payable Ledger
LESSONG 3-4 Proving and Ruling a Journal
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-1 Posting to an Accounts Payable Ledger.
Accounting, Wednesday, April 11
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-1 Posting to an Accounts Payable Ledger.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-2 Posting to an Accounts Receivable Ledger.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-1 Posting to an Accounts Payable Ledger.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-3 Posting Column Totals from a Journal to a General Ledger.
LESSON 11-2 Posting to an Accounts Receivable Ledger.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 11-3 Posting from Journals to a General Ledger Original created by M.C. McLaughlin, Thomson/South-Western.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 11-3 Posting from Journals to a General Ledger.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-1 Posting to an Accounts Payable Ledger  Ledgers and controlling accounts  Accounts.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 11 Objectives 1.Define accounting terms related to posting to ledgers. 2.Identify.
 wPc&safety_mode=true&persist_safety_mod e=1&safe=active.
LESSON 11-1 Posting to an Accounts Payable Ledger
LESSON 11-1 Posting to an Accounts Payable Ledger
LESSON 11-1 Posting to an Accounts Payable Ledger
Posting to an Accounts Receivable Ledger
© 2014 Cengage Learning. All Rights Reserved.
LESSON 11-1 Posting to an Accounts Payable Ledger
ACCOUNTS RECEIVABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT
LESSON 11-1 Posting to an Accounts Payable Ledger
Posting Special Journal Totals to a General Ledger
© 2014 Cengage Learning. All Rights Reserved.
© 2014 Cengage Learning. All Rights Reserved.
LESSON 10-1 Posting to An Accounts Payable Ledger
POSTING A JOURNAL’S GENERAL AMOUNT COLUMNS
© 2014 Cengage Learning. All Rights Reserved.
LESSON 11-1 Posting to an Accounts Payable Ledger
Posting Special Journal Totals to a General Ledger
Posting Special Journal Totals to a General Ledger
Posting to an Accounts Receivable Ledger
Lesson 4-3 Posting Column Totals from a Journal to a General Ledger
Lesson 4-3 Posting Column Totals from a Journal to a General Ledger
ACCOUNTS PAYABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT
© 2014 Cengage Learning. All Rights Reserved.
© 2014 Cengage Learning. All Rights Reserved.
Posting to General and Subsidiary Ledgers
LESSON 9-5 Posting from a Cash Payments Journal
LESSON 10-2 Posting from a Sales Journal
Lesson 4-3 Posting Column Totals from a Journal to a General Ledger
LESSON 11-3 Posting from Journals to a General Ledger
LESSON 11-1 Posting to an Accounts Payable Ledger
LESSON 11-1 Posting to an Accounts Payable Ledger
LESSON 11-3 Posting from Journals to a General Ledger
LESSON 11-1 Posting to an Accounts Payable Ledger
LESSON 11-1 Posting to an Accounts Payable Ledger
LESSON 11-3 Posting from Journals to a General Ledger
LESSON 11-1 Posting to an Accounts Payable Ledger
Posting to an Accounts Receivable Ledger
Posting to an Accounts Receivable Ledger
STARTING A NEW PAGE FOR AN ACCOUNT IN A GENERAL LEDGER
Posting to an Accounts Receivable Ledger
Presentation transcript:

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

CENTURY 21 ACCOUNTING © Thomson/South-Western 2 LESSON 11-1 ACCOUNTS PAYABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT page 299 AP is the controlling account for purchases from vendors.

CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 11-1 SUBSIDIARY LEDGERS Def. – a ledger that contains a single ledger account. Each vendor and customer is assigned an account number to increase ease of filing & locating acct. info. 2 TYPES: Accounts Payable Ledger - contains ONLY vendors Controlling account – AP (in the general ledger) Accounts Receivable Ledger – contains ONLY customers Controlling account – AR (in the general ledger) Controlling Account – an account in a general ledger that summarizes all accounts in a subsidiary ledger. all vendor accounts must = balance of AP All customer accounts must = balance of AR

CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 11-1 ACCOUNTS PAYABLE LEDGER FORMS page Write the vendor name. 2.Write the vendor number. 3.Write the date. 4.Write the word Balance. 5.Place a check mark in the Post. Ref. column. 6.Write the balance.

CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 11-1 POSTING FROM A PURCHASES JOURNAL TO AN ACCOUNTS PAYABLE LEDGER page Write the date. 2.Write the journal page number. 3.Write the credit amount. 4.Write the new account balance. 5.Write the vendor number

CENTURY 21 ACCOUNTING © Thomson/South-Western 6 LESSON 11-1 POSTING FROM A CASH PAYMENTS JOURNAL TO AN ACCOUNTS PAYABLE LEDGER page Subtract the amount in the Debit column from the previous balance in the Credit column. Write the new balance. 1.Write the date. 5.Write the vendor number. 2.Write the journal page number. 3.Write the debit amount

CENTURY 21 ACCOUNTING © Thomson/South-Western 7 LESSON 11-1 POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS PAYABLE LEDGER page Write the date. 2.Write the general journal page number. 3.Write the amount. 4.Add the amount in the Credit column to the previous balance in the Credit Balance column. Write the new balance. 5.Write the vendor number

CENTURY 21 ACCOUNTING © Thomson/South-Western 8 LESSON 11-1 POSTING A DEBIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS PAYABLE LEDGER page Write the date. 2.Write the general journal page number. 3.Write the amount. 4.Subtract the amount in the Debit column to the previous balance in the Credit Balance column. Write the new balance. 5.Write the vendor number

CENTURY 21 ACCOUNTING © Thomson/South-Western 9 LESSON 11-1 COMPLETED ACCOUNTS PAYABLE LEDGER page 304

CENTURY 21 ACCOUNTING © Thomson/South-Western 10 LESSON 11-1 PROVING THE ACCOUNTS PAYABLE LEDGER page 305 Is prepared AFTER all entries have been posted and new balances have been calculated for each vendor. Total should equal AP in the general ledger.

CENTURY 21 ACCOUNTING © Thomson/South-Western 11 LESSON 11-1 TERMS REVIEW subsidiary ledger accounts payable ledger accounts receivable ledger controlling account schedule of accounts payable page 306