1. Chapter 11 Posting to General and Subsidiary Ledgers

2. ACCOUNTS PAYABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT
page 299
Subsidiary ledger: A ledger that is summarized in a single general ledger account

3. LESSON 11-1 New Vocabulary
Accounts payable ledger: A subsidiary ledger containing only accounts for vendors from whom merchandise is purchased on account or other items are bought on account
Accounts receivable ledger: A subsidiary ledger containing only accounts for charge customers
Controlling account: An account in a general ledger that summarizes all accounts in a subsidiary ledger

4. ACCOUNTS PAYABLE LEDGER FORMS
page 300

5. POSTING FROM A PURCHASES JOURNAL TO AN ACCOUNTS PAYABLE LEDGER
page 301 2 1 3 5 4

6. POSTING FROM A CASH PAYMENTS JOURNAL TO AN ACCOUNTS PAYABLE LEDGER
page 302 2 1 5 3 4
4. Subtract the amount in the Debit column from the previous balance in the Credit column. Write the new balance.

7. POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS PAYABLE LEDGER
page 303 2 1 5 3 4
4. Add the amount in the Credit column to the previous balance in the Credit Balance column. Write the new balance.

8. POSTING A DEBIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS PAYABLE LEDGER
page 303 2 1 3 5 4

9. COMPLETED ACCOUNTS PAYABLE LEDGER & Schedule of Accounts Payable
page 304
Schedule of accounts payable: A listing of vendor accounts, account balances, and total amount due from all vendors

10. Audit Your Understanding
What is the relationship between a controlling account and a subsidiary ledger?
A controlling account summarizes all accounts in a subsidiary ledger. The balance of the controlling account equals a total of all account balances in its related subsidiary ledger.
In which column of the cash payments journal are the amounts that are posted individually to the accounts payable ledger?
Accounts Payable Debit Column

11. Work Together
P. 306

12. 11-2 ACCOUNTS RECEIVABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT
page 307

13. ACCOUNTS RECEIVABLE LEDGER FORMS
page 308 1
Customer name 2
Customer number

14. POSTING FROM A SALES JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER
page 309 2 5 1 3 4

15. POSTING FROM A CASH RECEIPTS JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER
page 310 2 3 1 5 4

16. POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER
page 311 2 1 5 3 4

17. COMPLETED ACCOUNTS RECEIVABLE LEDGER & Schedule of Accounts Receivable
page 312
Schedule of Accounts Receivable:
A listing of customer accounts, account balances, and total amount due from all customers

18. Audit Your Understanding
To which accounts are the separate amounts in the Sales Journal posted individually?
Customer accounts listed in the accounts receivable debit column
In which column of the cash receipts journal are the amounts that are posted individually to the accounts receivable ledger?
Accounts receivable credit column
What accounts are listed on a schedule accounts receivable?
All customer accounts that have balances

19. Work Together
Workbook, page 357

20. 11-3 STARTING A NEW PAGE FOR AN ACCOUNT IN A GENERAL LEDGER2 3 5 4 6

21. POSTING FROM THE GENERAL AMOUNT COLUMNS OF A CASH PAYMENTS JOURNAL TO A GENERAL LEDGER
page 316 2 3 1 5 4

22. POSTING A DEBIT ENTRY FROM A GENERAL JOURNAL TO A GENERAL LEDGER
page 317 2 1 5 3 4

23. POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO A GENERAL LEDGER
page 318 2 1 5 3 4

24. Audit Your Understanding
Which amounts in a General Journal are posted individually?
Amounts in the debit and credit columns
List the five steps for posting to a general ledger account.
(1) Record the date
(2) Record the Journal page number
(3) Write the amount in the debt or credit column
(4) Calculate and write the new account balance in the balance debit or credit column
(5) Write the general ledger account number in the posting reference column of the journal

25. Work Together
Workbook, Application 11-3

26. 11-4 POSTING TOTALS OF A SALES JOURNAL TO A GENERAL LEDGER
page 320 2 1 3 5 4

27. POSTING THE TOTAL OF A PURCHASES JOURNAL TO A GENERAL LEDGER
page 321 2 3 1 5 4

28. POSTING SPECIAL AMOUNT COLUMN TOTALS OF A CASH RECEIPTS JOURNAL TO A GENERAL LEDGER
page 322 1

29. POSTING SPECIAL AMOUNT COLUMN TOTALS OF A CASH PAYMENTS JOURNAL TO A GENERAL LEDGER
page 324 2 1 3 5 4

30. Audit Your Understanding
For which columns of the special journal are the column totals posted in the general ledger?
For each special amount column
In what order should special journals be posted to the general ledger?
(1) Sales Journal, (2) Purchases Journal, (3) General Journal, (4) Cash Receipts Journal, (5) Cash Payments Journal

31. Work Together
Workbook, Application 11-4

32. 11-5 JOURNALIZING CORRECTING ENTRIES AFFECTING CUSTOMER ACCOUNTS
page 327
December 10. Discovered that a sale on account to Cumberland Center on December 3 was incorrectly charged to the account of Country Crafters, $ Memorandum No. 56.

33. POSTING CORRECTING ENTRIES AFFECTING CUSTOMER ACCOUNTS
page 328 2 1 3 5 4

34. Audit Your Understanding
What is the source document for correcting entries affecting customer accounts?
Memorandum

35. Working Together
Workbook, Application 11-5

36. Ma and Pa Kettle Math

37. Ma and Pa Kettle Math

38. The End