1. Posting to an Accounts Receivable Ledger
LESSON 11-2
Posting to an Accounts Receivable Ledger
Original created by M.C. McLaughlin, Thomson/South-Western
Modified by Deborah L. Burns, Johnston County Schools, West Johnston High School

2. ACCOUNTS RECEIVABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT
LESSON 11-2
5/19/2018
ACCOUNTS RECEIVABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT
page 307
When the balance of a customer account in an accounts receivable ledger is changed, the balance of the controlling account, Accounts Receivable, is also changed
The total of all customer account balances in the accounts receivable ledger equals the balance of the controlling account Accounts Receivable
LESSON 11-2

3. ACCOUNTS RECEIVABLE LEDGER FORMS
page 308 1
Customer name 2
Customer number
Opening customer accounts consists of writing the customer name and customer number on the heading of the ledger account
LESSON 11-2

4. POSTING FROM A SALES JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER
page 309
Each amount in a sales journal’s Accounts Receivable column is posted to the accounts receivable ledger
At the end of the month, the journal’s Accounts Receivable Debit column total is posted to the controlling account, Accounts Receivable 2 5 1 3 4
1. Write the date.
4. Add the amount in the Debit column to the previous balance in the Debit Balance column. Write the new account balance.
2. Write the sales journal page number.
3. Write the debit amount.
5. Write the customer number.
LESSON 11-2

5. POSTING FROM A CASH RECEIPTS JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER
page 310 2 1 5 3
1. Write the date.
2. Write the cash receipts journal page number.
3. Write the credit amount. 4
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.
LESSON 11-2

6. POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER
page 311 2
1. Write the date.
2. Write the general journal page number. 1
3. Write the amount. 5 3
4. Subtract the amount in the Credit column from the previous balance in the Debit Balance column. Write the new balance. 4
5. Write the customer number.
LESSON 11-2

7. COMPLETED ACCOUNTS RECEIVABLE LEDGER
page 312
The total of all customer account balances in the accounts receivable ledger equals the balance of the controlling account Accounts Receivable
LESSON 11-2

8. PROVING THE ACCOUNTS RECEIVABLE LEDGER
page 313
A listing of customer accounts, account balances, and total amount due from all customers is called a schedule of accounts receivable
A schedule of accounts receivable is prepared after all entries in a journal are posted
LESSON 11-2

9. TERM REVIEW
page 314
schedule of accounts receivable
LESSON 11-2