CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Accounting, Friday, April 13 Bell Ringer: 1.Define the term for Lesson 11-2: Schedule of Accounts Receivable 2.Answer the following Question: What is the relationship between a controlling account and a subsidiary 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 3 LESSON 11-2 ACCOUNTS RECEIVABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT page 307

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 5-1 ASSIGNMENT Work together and guided notes: put in inbox Own Your Own 11-2 on Aplia practice / completion grade, pg. 314 Application 11-2: Grade It Now, page 331 IMPORTANT HINTS :  If the balance is zero, only the customer name & number is entered  Start with each General Ledger Account and enter transactions in CHRONOLOGICAL ORDER  Finish Lesson 11-1

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON 11-2 ACCOUNTS RECEIVABLE LEDGER FORMS page Customer name2 Customer number

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 LESSON 11-2 POSTING FROM A SALES JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER page Add the amount in the Debit column to the previous balance in the Debit Balance column. Write the new account balance. 1.Write the date. 2.Write the sales journal page number. 3.Write the debit amount. 5.Write the customer number

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 LESSON 11-2 POSTING FROM A CASH RECEIPTS JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER page Subtract the amount in the Credit column from the previous balance in the Debit Balance column. Write the new balance. 2.Write the cash receipts journal page number. 5.Write the customer number. 3.Write the credit amount. 1.Write the date

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 8 LESSON Write the date. POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER page Write the general journal page number. 3.Write the amount. 4.Subtract the amount in the Credit column from the previous balance in the Debit Balance column. Write the new balance. 5.Write the customer number. 3

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 9 LESSON 11-2 COMPLETED ACCOUNTS RECEIVABLE LEDGER page 312

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 10 LESSON 11-2 PROVING THE ACCOUNTS RECEIVABLE LEDGER page 313