Chapter 11: Posting to General and Subsidiary Ledgers

Chapter 11: Posting to General and Subsidiary Ledgers ... Journal to a General Ledger Concept: Posting a Debit Entry from a General Journal to a Gener...

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Accounting I Ruschak - 2010

Chapter 11: Posting to General and Subsidiary Ledgers Lesson Outcomes  Define accounting terms related to posting to ledgers.  Identifying accounting practices related to posting to ledgers.  Post separate items from purchases, cash payments, and general journal to an accounts payable ledger.  Posts separate items from sales, cash receipts, and general journal to an accounts receivable ledger.  Post separate items from the cash payments and genral journal to a general ledger.  Post special journal column totals to a general ledger.  Journalize and post correcting entries affecting customer accounts. Terms to Know

Subsidiary ledger Accounts payable ledger Accounts receivable ledger Controlling account Schedule of accounts payable Schedule of accounts receivable

Assignment – In your vocabulary notebook define these terms. We will create a vocabulary notebook in Word and continue with terms and definitions for each chapter.

Accounting in the Real World – “eBay Inc.”

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Accounting I Ruschak - 2010

Lesson 11-1: Posting to an Accounts Payable Ledger Concept: Ledgers and Controlling Accounts Concept: Accounts Payable Ledger and General Ledger Controlling Account Concept: Accounts Payable Ledger Forms Concept: Posting from a Purchases journal to an Accounts Payable Ledger Concept: Posting from a Cash Payments Journal to an Accounts Payable Ledger Concept: Posting Credit and Debit Entries from a General Journal to an Accounts Payable Ledger Concept: Completed Accounts Payable Ledger Concept: Proving the Accounts Payable Ledger

END OF LESSON REVIEW!!!!!!!! Assignment: visit www.aplia.com for working papers Lesson 11-2: Posting to an Accounts Receivable Ledger Concept: Accounts Receivable Ledger Forms Concept: Posting from a Sales Journal to an accounts Receivable Ledger Concept: Posting from a Cash Receipts Journal to an Accounts Receivable Ledger Concept: Posting a Credit Entry from a General Journal to an Accounts Receivable Ledger Concept: Completed Accounts Receivable Ledger Concept: Proving the Accounts Receivable Ledger

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Accounting I Ruschak - 2010

END OF LESSON REVIEW!!!!!!!! Assignment: Visit www.aplia.com for working papers!

Lesson 11-3: Posting from Journals to a General Ledger Concept: Posting from the General Amount Columns of a Cash Payments Journal to a General Ledger Concept: Posting a Debit Entry from a General Journal to a General Ledger Concept: Posting a Credit Entry from a General Journal to a General Ledger

END OF LESSON REVIEW!!!!!!!! Assignment: Visit www.aplia.com for working papers!

Lesson 11-4: Posting Special Journal Totals to a General Ledger Concept: Posting Totals of a Sales Journal to a General Ledger Concept: Posting the Total of a Purchases Journal to a General Ledger Concept: Posting Special Amount Column Totals of a Cash Receipts Journal to a General Ledger Concept: Posting Special Amount Column Totals of a Cash Payments Journal to a General Ledger Concept: Order of Posting from Special Journals

END OF LESSON REVIEW!!!!!!!! Assignment: Visit www.aplia.com for working papers! 3

Accounting I Ruschak - 2010

Lesson 11-5: Correcting Errors in Subsidiary Ledger Accounts Concept: Journalizing Correcting Entries Affecting Customer Accounts Concept: Posting Correcting Entries Affecting Customer Accounts

END OF LESSON REVIEW!!!!!!!! Assignment: Visit www.aplia.com for working papers!

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