chapter 11 posting
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Chapter 11 Posting. 3 Ledgers General Ledger = Main Ledger 2 Subsidiary Ledgers Accounts Payable Ledger – All Vendors Accounts Receivable Ledger – All Customers Posting Order (Journals) Sales Journal Purchases Journal General Journal Cash Receipts Cash Payments. LESSON 11-1. - PowerPoint PPT PresentationTRANSCRIPT
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
Chapter 11 PostingChapter 11 Posting
3 Ledgers General Ledger = Main Ledger 2 Subsidiary Ledgers
Accounts Payable Ledger – All Vendors Accounts Receivable Ledger – All Customers
Posting Order (Journals) Sales Journal Purchases Journal General Journal Cash Receipts Cash Payments
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 11-1LESSON 11-1
Posting to an Accounts Payable Ledger
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
ACCOUNTS PAYABLE LEDGER AND GENERAL ACCOUNTS PAYABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNTLEDGER CONTROLLING ACCOUNT page 299
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
ACCOUNTS PAYABLE LEDGER FORMSACCOUNTS PAYABLE LEDGER FORMS
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33 44 55 66
page 300
1. Write the vendor name.
2. Write the vendor number.
3. Write the date.
4. Write the word Balance.
5. Place a check mark in the Post. Ref. column.6. Write the balance.
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
POSTING FROM A PURCHASES JOURNAL POSTING FROM A PURCHASES JOURNAL TO AN ACCOUNTS PAYABLE LEDGERTO AN ACCOUNTS PAYABLE LEDGER page 301
1. Write the date.
2. Write the journal page number.
3. Write the credit amount.
4. Write the new account balance.
5. Write the vendor number.
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22
33
44
55
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
POSTING FROM A CASH PAYMENTS JOURNAL POSTING FROM A CASH PAYMENTS JOURNAL TO AN ACCOUNTS PAYABLE LEDGERTO AN ACCOUNTS PAYABLE LEDGER page 302
4. Subtract the amount in the Debit column from the previous balance in the Credit column. Write the new balance.
1. Write the date.
5. Write the vendor number.
2. Write the journal page number.
3. Write the debit amount.
11 22 33
44
55
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
POSTING A CREDIT ENTRY FROM A POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS GENERAL JOURNAL TO AN ACCOUNTS PAYABLE LEDGERPAYABLE LEDGER page 303
1. Write the date.2. Write the general journal
page number.
3. Write the amount.
4. Add the amount in the Credit column to the previous balance in the Credit Balance column. Write the new balance.
5. Write the vendor number.
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55
44
22
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
POSTING A DEBIT ENTRY FROM A POSTING A DEBIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS GENERAL JOURNAL TO AN ACCOUNTS PAYABLE LEDGERPAYABLE LEDGER page 303
1. Write the date.2. Write the general journal
page number.
3. Write the amount.
4. Add the amount in the Debit column to the previous balance in the Debit Balance column. Write the new balance.
5. Write the vendor number.
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44
22 5533
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
COMPLETED ACCOUNTS PAYABLE COMPLETED ACCOUNTS PAYABLE LEDGERLEDGER page 304
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
PROVING THE ACCOUNTS PAYABLE PROVING THE ACCOUNTS PAYABLE LEDGERLEDGER page 305
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERMS REVIEWTERMS REVIEW
subsidiary ledger accounts payable ledger accounts receivable ledger controlling account schedule of accounts payable
page 306
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 11-2LESSON 11-2
Posting to an Accounts Receivable Ledger
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
ACCOUNTS RECEIVABLE LEDGER AND ACCOUNTS RECEIVABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNTGENERAL LEDGER CONTROLLING ACCOUNT page 307
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
ACCOUNTS RECEIVABLE LEDGER ACCOUNTS RECEIVABLE LEDGER FORMSFORMS page 308
11Customer nameCustomer name 22Customer numberCustomer number
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
POSTING FROM A SALES JOURNAL TO POSTING FROM A SALES JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGERAN ACCOUNTS RECEIVABLE LEDGER page 309
4. 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.
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22
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
POSTING FROM A CASH RECEIPTS JOURNAL POSTING FROM A CASH RECEIPTS JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGERTO AN ACCOUNTS RECEIVABLE LEDGER page 310
4. 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.
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11
22
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
1. Write the date.
POSTING A CREDIT ENTRY FROM A GENERAL POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS RECEIVABLE JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGERLEDGER page 311
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2211 55
2. 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.
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
COMPLETED ACCOUNTS RECEIVABLE COMPLETED ACCOUNTS RECEIVABLE LEDGERLEDGER page 312
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
PROVING THE ACCOUNTS RECEIVABLE PROVING THE ACCOUNTS RECEIVABLE LEDGERLEDGER page 313
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERM REVIEWTERM REVIEW
schedule of accounts receivable
page 314
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 11-3LESSON 11-3
Posting from Journals to a General Ledger
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
STARTING A NEW PAGE FOR AN STARTING A NEW PAGE FOR AN ACCOUNT IN A GENERAL LEDGERACCOUNT IN A GENERAL LEDGER
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page 315
1. Write the account title.
2. Write the account number.
3. Write the date.
4. Write the word Balance in the Item column.
5. Place a check mark in the Post. Ref. column.
6. Write the balance.
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
POSTING FROM THE GENERAL AMOUNT POSTING FROM THE GENERAL AMOUNT COLUMNS OF A CASH PAYMENTS JOURNAL COLUMNS OF A CASH PAYMENTS JOURNAL TO A GENERAL LEDGERTO A GENERAL LEDGER page 316
4. Add the amount in the Debit column to the previous balance in the Balance Debit column. Write the new balance.
5. Write the general ledger account number.
1. Write the date.
2. Write the journal page number.
3. Write the debit amount. 44
2233
11 55
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
5. Write the general ledger account number.
POSTING A DEBIT ENTRY FROM A GENERAL POSTING A DEBIT ENTRY FROM A GENERAL JOURNAL TO A GENERAL LEDGERJOURNAL TO A GENERAL LEDGER page 317
44
22
33
5511
1. Write the date.
2. Write the general journal page number.
3. Write the amount.
4. Calculate and write the new account balance.
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
5. Write the general ledger account number.
POSTING A CREDIT ENTRY FROM A GENERAL POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO A GENERAL LEDGERJOURNAL TO A GENERAL LEDGER page 318
44
22
33
5511
1. Write the date.
2. Write the general journal page number.
3. Write the amount.
4. Calculate and write the new account balance.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 11-4LESSON 11-4
Posting Special Journal Totals to a General Ledger
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
5. In the sales journal, write the general ledger account number.
POSTING TOTALS OF A SALES POSTING TOTALS OF A SALES JOURNAL TO A GENERAL LEDGERJOURNAL TO A GENERAL LEDGER page 320
55
55
5511
11
11
22
22
22
33
33
33
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4. For each account, calculate and write the new account balance.
1. Write the date.
2. Write the sales journal page number.
3. For each column and account, write the column total.
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
1. Write the date.
POSTING THE TOTAL OF A PURCHASES POSTING THE TOTAL OF A PURCHASES JOURNAL TO A GENERAL LEDGERJOURNAL TO A GENERAL LEDGER page 321
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4411
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2. Write the purchases journal page number.
3. For each account, write the purchases journal column total.
4. For each account, calculate and write the new balance.
5. Write the purchases general ledger account number and the accounts payable general ledger account number.22
22
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
POSTING SPECIAL AMOUNT COLUMN POSTING SPECIAL AMOUNT COLUMN TOTALS OF A CASH RECEIPTS JOURNAL TOTALS OF A CASH RECEIPTS JOURNAL TO A GENERAL LEDGERTO A GENERAL LEDGER page 322
55 55 55 55 55
44
4444
44
44
11
1111
11
11
22
2222
22
22
33
3333
33
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1. Date
2. Journal page number
3. Column total
4. Account balance
5. Account number
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
POSTING SPECIAL AMOUNT COLUMN POSTING SPECIAL AMOUNT COLUMN TOTALS OF A CASH PAYMENTS JOURNAL TOTALS OF A CASH PAYMENTS JOURNAL TO A GENERAL LEDGERTO A GENERAL LEDGER page 324
1. Date
2. Journal page number
3. Column total
4. Account balance
5. Account number22
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55 55
55
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11
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 11-5LESSON 11-5
Correcting Errors in Subsidiary Ledger Accounts
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LESSON 11-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
JOURNALIZING CORRECTING ENTRIES JOURNALIZING CORRECTING ENTRIES AFFECTING CUSTOMER ACCOUNTSAFFECTING CUSTOMER ACCOUNTS
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55 66
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, $412.00. Memorandum No. 56.
1. Write the date. 5. Write the name of incorrectly charged customer.2. Write the name of correct customer.
3. Write the memorandum number.
4. Write the amount.
6. Write the amount.
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LESSON 11-5CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
POSTING CORRECTING ENTRIES POSTING CORRECTING ENTRIES AFFECTING CUSTOMER ACCOUNTSAFFECTING CUSTOMER ACCOUNTS page 328
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3. Write the amount.
2. Write the general journal page number.
1. Write the date.
5. Write the appropriate customer number in the Post. Ref. columns.
4. Calculate and write the new account balances.