1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 4-3 Posting Column Totals from a Journal to a General Ledger 1.Which column totals of a journal are posted? 2.Under what conditions will an account balance be a debit? 3.Under what conditions will an account balance be a credit?

2. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Competency: Understanding the Accounting Cycle for a Service Business 2 LESSON 4-3 Objectives : 42 Post general entries to the general ledger. 50 Summarize the progression from source documents to journals.

3. 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 4-3

4. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 4-3 CHECK MARKS SHOW THAT AMOUNTS ARE NOT POSTED page 100 Check mark indicates that amounts ARE NOT posted individually. Check mark indicates that general amount column totals ARE NOT posted.

5. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON 4-3 POSTING THE TOTAL OF THE SALES CREDIT COLUMN page 101 1 4 1.Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the column total. 5.Return to the journal and write the account number. 2 3 5

6. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 LESSON 4-3 POSTING THE TOTAL OF THE CASH DEBIT COLUMN page 102 1 4 1.Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the column total. 5.Return to the journal and write the account number. 2 5 3

7. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 LESSON 4-3 POSTING THE TOTAL OF THE CASH CREDIT COLUMN page 103 1 4 1.Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the column total. 5.Return to the journal and write the account number. 2 5 3

8. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Exit Ticket for Chapter 4-3 1.Which column totals of a journal are posted? 2.Under what conditions will an account balance be a debit? 3.Under what conditions will an account balance be a credit? 8 LESSON 4-3 In a Word Document, SaveAS: Chapter4-3AYUYourName Drop a copy in my InBox today before you leave!

9. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 4-3 Assignments Complete on Aplia Work Together 4-3 On Your Own 4-3 Application Problem 4-3 9 LESSON 4-3