CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 11-4 Posting Special Journal Totals to a General Ledger Original created by M.C. McLaughlin, Thomson/South-Western Modified by Deborah L. Burns, Johnston County Schools, West Johnston High School

CENTURY 21 ACCOUNTING © Thomson/South-Western Posting Totals of a Sales Journal to a General Ledger A sales journal is totaled and ruled at the end of each month The total amount of the sales journal is then posted to three general ledger accounts Accounts Receivable Sales Sales Tax Payable 2 LESSON 11-4

CENTURY 21 ACCOUNTING © Thomson/South-Western 3 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 © Thomson/South-Western POSTING THE TOTAL OF A PURCHASES JOURNAL TO A GENERAL LEDGER A purchases journal is totaled and ruled at the end of each month The total amount of the purchases journal is then posted to two general ledger accounts Accounts Payable Purchases 4 LESSON 11-4

CENTURY 21 ACCOUNTING © Thomson/South-Western 5 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 © Thomson/South-Western POSTING SPECIAL AMOUNT COLUMN TOTALS OF A CASH RECEIPTS JOURNAL TO A GENERAL LEDGER 6 LESSON 11-4  At the end of each month, equality of debits & credits is proved for a cash receipts journal  Cash is then proved. After cash is proved, the cash receipts journal is ruled and the total of each special amount column is then posted to the corresponding general ledger account  Accounts Receivable  Sales  Sales Tax Payable  Sales Discount  Cash

CENTURY 21 ACCOUNTING © Thomson/South-Western 7 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 © Thomson/South-Western POSTING SPECIAL AMOUNT COLUMN TOTALS OF A CASH PAYMENTS JOURNAL TO A GENERAL LEDGER 8 LESSON 11-4  At the end of each month, the cash payments journal is totaled & ruled  The total of each special amount column is posted to the account named in the journal’s column headings  Accounts Payable  Purchases Discount  Cash

CENTURY 21 ACCOUNTING © Thomson/South-Western 9 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