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 Unit Essential Question How and why do companies use special journals? 2 LESSON 11-1

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Lesson Essential Question What is the order in which to post from special journals to general and subsidiary ledgers? Acquisition Lesson Questions: What is a subsidiary ledger? How do I prove the Accounts Payable Ledger? How do I prove the Accounts Receivable Ledger? 3 LESSON 11-1

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Notes Post all general debit and credit columns Follow order of posting Posting from General Journal Everything gets posted Subsidiary accounts (most likely were already posted in step one) General ledger accounts 4 LESSON 11-3

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON 11-3 STARTING A NEW PAGE FOR AN ACCOUNT IN A GENERAL LEDGER page Write the account title. 2. Write the account number. 3. Write the date. 4. Write the word Balance in the Item column. 5. Place a check mark in the Post. Ref. column. 6. Write the balance.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 LESSON 11-3 POSTING FROM THE GENERAL AMOUNT COLUMNS OF A CASH PAYMENTS JOURNAL TO A GENERAL LEDGER page Add the amount in the Debit column to the previous balance in the Balance Debit column. Write the new balance. 5.Write the general ledger account number. 1.Write the date. 2.Write the journal page number. 3.Write the debit amount

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 LESSON Write the general ledger account number. POSTING A DEBIT ENTRY FROM A GENERAL JOURNAL TO A GENERAL LEDGER page Write the date. 2.Write the general journal page number. 3.Write the amount. 4.Calculate and write the new account balance.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 8 LESSON Write the general ledger account number. POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO A GENERAL LEDGER page Write the date. 2.Write the general journal page number. 3.Write the amount. 4.Calculate and write the new account balance.