CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 4-2 Posting Separate Amounts from a Journal to a General Ledger 1.List the five steps.

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Presentation transcript:

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 4-2 Posting Separate Amounts from a Journal to a General Ledger 1.List the five steps of posting from the general columns of a journal to the general ledger. 2.Are the totals of the General Debit and General Credit columns posted? Why or why not?

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Competency: Understanding the Accounting Cycle for a Service Business 2 LESSON 4-2 Objectives : 42 Post general entries to the general ledger. 50 Summarize the progression from source documents to journals.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 4 Objectives Define accounting terms related to posting from a journal to a general ledger. Identify accounting concepts and practices related to posting from a journal to a general ledger. Prepare a chart of accounts for a service business organized as a proprietorship. Post separate amounts from a journal to a general ledger. Post column totals from a journal to a general ledger. Analyze and journalize correcting entries. 3 LESSON 4-2

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Posting – Transferring information from a journal entry to a ledger account. 4 LESSON 4-2

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the debit amount. 5.Return to the journal and write the account number. POSTING AN AMOUNT FROM A GENERAL DEBIT COLUMN page

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 LESSON 4-2 POSTING A SECOND AMOUNT TO AN ACCOUNT page Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the debit amount. 5.Return to the journal and write the account number.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 LESSON 4-2 POSTING AN AMOUNT FROM A GENERAL CREDIT COLUMN page Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the credit amount. 5.Return to the journal and write the account number. 2

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 8 LESSON 4-2 TERM REVIEW posting page 99 In your Chapter 4Terms Word Document and SaveAS Chapter4TermsYourName

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Exit Ticket for Chapter List the five steps of posting from the general columns of a journal to the general ledger. 2.Are the totals of the General Debit and General Credit columns posted? Why or why not? 9 LESSON 4-2 In a Word Document, SaveAS: Chapter4-2AYUYourName Drop a copy in my InBox today before you leave!

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 4-2 Assignments Complete on Aplia Work Together 4-2 On Your Own 4-2 Application Problem LESSON 4-2