Accounting I

1
Accounting I

• Chapter 12 Posting to General Subsidiary
  Ledgers

2
TERMS REVIEW
subsidiary ledger accounts payable
ledger accounts receivable ledger controlling
account
Lesson 12-1, page 279
3
TERMS REVIEW
Subsidiary Ledger
A ledger that is summarized in a single general
ledger account.
Lesson 12-1, page 274
4
TERMS REVIEW
Accounts Payable Ledger
A subsidiary ledger containing only accounts for
vendors from whom items are purchased or bought
on account.
Lesson 12-1, page 274
5
TERMS REVIEW
Accounts Receivable Ledger
A subsidiary ledger containing only accounts for
charge customers.
Lesson 12-1, page 274
6
TERMS REVIEW
Controlling Account
An account in a general ledger that summarizes
all accounts in a subsidiary ledger.
Lesson 12-1, page 274
7
POSTING A JOURNALS GENERAL AMOUNT COLUMNS
1. Write the date.
2. Write the journal page number.
3. Write the debit amount.
4. Calculate and write the new account balance.
5. Write the general ledger account number in the
Post. Ref. column of the journal.
Lesson 12-1, page 276
8
POSTING A JOURNALS SPECIAL AMOUNT COLUMNS
1. Write the date.
2. Write the journal page number.
3. Write the Cash Credit column total.
4. Calculate and write the new account balance.
5. Return to the journal and write the general
ledger account number in parentheses below the
Cash Credit column total.
Lesson 12-1, page 277
9
RULES FOR POSTING A JOURNALS COLUMN TOTALS
Lesson 12-1, page 278
10
STARTING A NEW PAGE FOR AN ACCOUNT IN A GENERAL
LEDGER
2
1
3
5
4
6
1. Write the account title.
2. Write the account number.
3. Write the date.
4. Write Balance.
5. Place a check mark in the Post. Ref. column.
6. Write the account balance.
Lesson 12-1, page 278
11
Work Together On Your Own Page 279
12
ACCOUNTS PAYABLE LEDGER AND GENERAL LEDGER
CONTROLLING ACCOUNT
Lesson 12-2, page 280
13
OPENING ACCOUNTS PAYABLE LEDGER FORMS
2. Vendor Number
1. Vendor Name
1
2
Lesson 12-2, page 281
14
POSTING A CREDIT TO AN ACCOUNTS PAYABLE LEDGER
1. Write the date.
2. Write the journal page number.
3. Write the credit amount.
4. Calculate and write the new account balance.
5. Write the vendor number.
Lesson 12-2, page 282
15
POSTING A DEBIT TO AN ACCOUNTS PAYABLE LEDGER
1. Write the date.
2. Write the journal page number.
3. Write the debit amount.
4. Calculate and write the new account balance.
5. Write the vendor number.
Lesson 12-2, page 283
16
STARTING A NEW PAGE FOR A VENDOR IN AN ACCOUNTS
PAYABLE LEDGER
2
1
3
5
4
6
1. Write the vendor name.
2. Write the vendor number.
3. Write the date.
4. Write Balance.
5. Place a check mark in the Post. Ref. column.
6. Write the account balance.
Lesson 12-2, page 283
17
COMPLETED ACCOUNTS PAYABLE LEDGER
Lesson 12-2, page 284
18
Work Together On Your Own Page 285
19
ACCOUNTS RECEIVABLE LEDGER AND GENERAL LEDGER
CONTROLLING ACCOUNT
Lesson 12-3, page 286
20
OPENING ACCOUNTS RECEIVABLE LEDGER FORMS
1. Customer Name
2. Customer Number
1
2
Lesson 12-3, page 287
21
POSTING A DEBIT TO AN ACCOUNTS RECEIVABLE LEDGER
1. Write the date.
2. Write the journal page number.
3. Write the debit amount.
4. Calculate and write the new account balance.
5. Write the customer number.
Lesson 12-3, page 288
22
POSTING A CREDIT TO AN ACCOUNTS RECEIVABLE LEDGER
1. Write the date.
2. Write the journal page number.
3. Write the credit amount.
4. Calculate and write the new account balance.
5. Write the customer number.
Lesson 12-3, page 289
23
COMPLETED ACCOUNTS RECEIVABLE LEDGER
Lesson 12-3, page 290
24
Work Together On Your Own Page 291
25
TERMS REVIEW
schedule of accounts payable schedule of accounts
receivable
Lesson 12-4, page 294
26
TERMS REVIEW
Schedule of Accounts Payable
A listing of vendor accounts, account balances,
and total amount due all vendors.
Lesson 12-4, page 292
27
TERMS REVIEW
Schedule of Accounts Receivable
A listing of customer accounts, account balances,
and total amount due from all customers.
Lesson 12-4, page 293
28
PROVING THE ACCOUNTS PAYABLE LEDGER
Lesson 12-4, page 292
29
PROVING THE ACCOUNTS RECEIVABLE LEDGER
Lesson 12-4, page 293
30
Work Together On Your Own Page 294