1. © 2014 Cengage Learning. All Rights Reserved.
Learning Objectives
LO1 Define accounting terms related to posting to ledgers.
LO2 Identify accounting practices related to posting to ledgers.
LO3 Post separate items from a purchases, cash payments, and general journal to an accounts payable ledger.
© 2014 Cengage Learning. All Rights Reserved.

2. Subsidiary Ledgers and Controlling Accounts
Lesson 11-1
Subsidiary Ledgers and Controlling Accounts
A ledger that is summarized in a single general ledger account is called a subsidiary ledger.
Accountants often refer to a subsidiary ledger as a subledger.
The subsidiary ledger containing vendor accounts is called an accounts payable ledger.
The subsidiary ledger containing only accounts for charge customers is called an accounts receivable ledger.
An account in a general ledger that summarizes all accounts in a subsidiary ledger is called a controlling account.

3. Subsidiary Ledgers and Controlling Accounts
Lesson 11-1
Subsidiary Ledgers and Controlling Accounts

4. Subsidiary Ledger Form
Lesson 11-1
Subsidiary Ledger Form 1
Account Name 2
Account Number 3
Date 4
Balance 5
Check Mark 6
Account Balance
Same column headings

5. Posting from a Purchases Journal to an Accounts Payable Ledger
Lesson 11-1
Posting from a Purchases Journal to an Accounts Payable Ledger 2 5 1 3 4
1. Write the date in the Date column of the vendor account.
2. Write the journal page number in the Post. Ref. column of the account.
3. Write the credit amount in the Credit column of the vendor account.
4. Add the amount in the Credit column to the previous balance in the Credit Balance column and write the new account balance in the Credit Balance column.
5. Write the vendor number in the Post. Ref. column of the journal.

6. Posting from a Cash Payments Journal to an Accounts Payable Ledger
Lesson 11-1
Posting from a Cash Payments Journal to an Accounts Payable Ledger 2
Journal Page Number 3
Debit 1
Date 5
Vendor Number 4
Account Balance

7. Completed Accounts Payable Ledger
Lesson 11-1
Completed Accounts Payable Ledger

8. Proving the Accounts Payable Ledger
Lesson 11-1
Proving the Accounts Payable Ledger
A listing of vendor accounts, account balances, and the total amount due to all vendors is called a schedule of accounts payable.

9. © 2014 Cengage Learning. All Rights Reserved.
Learning Objectives
LO4 Post separate items from a purchases, cash payments, and general journal to an accounts receivable ledger.
© 2014 Cengage Learning. All Rights Reserved.

10. Subsidiary Ledgers and Controlling Accounts
Lesson 11-2
Subsidiary Ledgers and Controlling Accounts

11. Subsidiary Ledger Form
Lesson 11-2
Subsidiary Ledger Form 1
Account Name 2
Account Number 3
Date 4
Balance 5
Check Mark 6
Account Balance
Same column headings

12. Posting from a Sales Journal to an Accounts Receivable Ledger
Lesson 11-2
Posting from a Sales Journal to an Accounts Receivable Ledger 2 1 5 3 4
1. Write the date in the Date column of the vendor account.
2. Write the sales journal page number in the Post. Ref. column of the account.
3. Write the debit amount in the Debit column of the customer account.
4. Add the amount in the Debit column to the previous balance in the Debit Balance column and write the new account balance in the Debit Balance column.
5. Write the customer number in the Post. Ref. column of the sales journal.

13. Posting from a Cash Receipts Journal to an Accounts Receivable Ledger
Lesson 11-2
Posting from a Cash Receipts Journal to an Accounts Receivable Ledger 2
Journal Page Number 1
Date 5
Customer Number 3
Credit 4
Account Balance

14. Completed Accounts Receivable Ledger
Lesson 11-2
Completed Accounts Receivable Ledger

15. Proving the Accounts Receivable Ledger
Lesson 11-2
Proving the Accounts Receivable Ledger
A listing of customer accounts, account balances, and total amount due from all customers is called a schedule of accounts receivable.
Some businesses call the listing the accounts receivable trial balance.

16. © 2014 Cengage Learning. All Rights Reserved.
Learning Objectives
LO5 Post separate items from a cash payments and general journal to a general ledger.
© 2014 Cengage Learning. All Rights Reserved.

17. Posting the Total of a Purchases Journal to a General Ledger
Lesson 11-3
Posting the Total of a Purchases Journal to a General Ledger 2 3 1 5 5
Account Number 4 1
Date 2
Journal Number 3
Debit or Credit 4
Account Balance

18. Lesson 11-3
Posting from the General Amount Columns of a Cash Payments Journal to a General Ledger 2
Journal Page Number 3
Debit 1
Date 5
Vendor Number 4
Account Balance

19. © 2014 Cengage Learning. All Rights Reserved.
Learning Objectives
LO7 Journal and post correcting entries affecting customer accounts.
© 2014 Cengage Learning. All Rights Reserved.

20. Lesson 11-4
Posting from the Special Amount Columns of a Cash Payments Journal to a General Ledger
Journal Page Number 2 3
Debit or Credit Amount 1
Date 5
Account Number 4
Account Balance 5 5 1 2 3 4 1 2 3 4

21. Posting Totals of a Sales Journal to a General Ledger
Lesson 11-4
Posting Totals of a Sales Journal to a General Ledger
Journal Number 2 1
Date 3
Debit or Credit 5
Account Number 4
Account Balance 5 1 2 3 4 5 1 2 3 4

22. Lesson 11-4
Posting Special Amount Column Totals of a Cash Receipts Journal to a General Ledger
Journal Number 2 1
Date 3
Debit or Credit 5
Account Number 4
Account Balance 1 2 3 4 5 1 2 3 4 5 5 1 2 3 4

23. © 2014 Cengage Learning. All Rights Reserved.
Learning Objectives
LO7 Journal and post correcting entries affecting customer accounts.
© 2014 Cengage Learning. All Rights Reserved.