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Accounting IAccounting IChapter 12 – Posting to General & Subsidiary
Ledgers
TTERMS REVIEWERMS REVIEWsubsidiary ledger
accounts payable ledger
accounts receivable ledger
controlling account
Lesson 12-1, page 279Lesson 12-1, page 279
TTERMS REVIEWERMS REVIEW
Subsidiary LedgerSubsidiary Ledger
A ledger that is summarized in a single general ledger account.
Lesson 12-1, page 274Lesson 12-1, page 274
TTERMS REVIEWERMS REVIEW
Accounts Payable LedgerAccounts Payable Ledger
A subsidiary ledger containing only accounts for vendors from whom items are purchased or bought on account.
Lesson 12-1, page 274Lesson 12-1, page 274
TTERMS REVIEWERMS REVIEW
Accounts Receivable LedgerAccounts Receivable Ledger
A subsidiary ledger containing only accounts for charge customers.
Lesson 12-1, page 274Lesson 12-1, page 274
TTERMS REVIEWERMS REVIEW
Controlling AccountControlling Account
An account in a general ledger that summarizes all accounts in a subsidiary ledger.
Lesson 12-1, page 274Lesson 12-1, page 274
POSTING A JOURNAL’S GENERAL AMOUNT POSTING A JOURNAL’S GENERAL AMOUNT COLUMNSCOLUMNS
3. Write the debit amount.
1. Write the date.
4. Calculate and write the new account balance.
2. Write the journal page number.
5. Write the general ledger account number in the Post. Ref. column of the journal.
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Lesson 12-1, page 276Lesson 12-1, page 276
POSTING A JOURNAL’S SPECIAL AMOUNT COLUMNSPOSTING A JOURNAL’S SPECIAL AMOUNT COLUMNS
3. Write the Cash Credit column total.
1. Write the date.
4. Calculate and write the new account balance.
2. Write the journal page number.
5. Return to the journal and write the general ledger account number in parentheses below the Cash Credit column total.
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Lesson 12-1, page 277Lesson 12-1, page 277
RULES FOR POSTING A JOURNAL’S COLUMN RULES FOR POSTING A JOURNAL’S COLUMN TOTALSTOTALS
General amount column totals ARE NOT posted
Special amount column totals ARE posted
Lesson 12-1, page 278Lesson 12-1, page 278
STARTING A NEW PAGE FOR AN ACCOUNT IN A STARTING A NEW PAGE FOR AN ACCOUNT IN A GENERAL LEDGERGENERAL LEDGER
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3. Write the date.
1. Write the account title.
5. Place a check mark in the Post. Ref. column.
2. Write the account number.
6. Write the account balance.
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4. Write Balance.
Lesson 12-1, page 278Lesson 12-1, page 278
Work Together &Work Together &On Your Own – On Your Own –
Page 279Page 279
ACCOUNTS PAYABLE LEDGER AND GENERAL ACCOUNTS PAYABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNTLEDGER CONTROLLING ACCOUNT
Lesson 12-2, page 280Lesson 12-2, page 280
OPENING ACCOUNTS PAYABLE LEDGER FORMSOPENING ACCOUNTS PAYABLE LEDGER FORMS
Lesson 12-2, page 281Lesson 12-2, page 281
1. Vendor Name 2. Vendor Number
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POSTING A CREDIT TO AN ACCOUNTS PAYABLE POSTING A CREDIT TO AN ACCOUNTS PAYABLE LEDGERLEDGER
Lesson 12-2, page 282Lesson 12-2, page 282
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3. Write the credit amount.
1. Write the date.
4. Calculate and write the new account balance.
2. Write the journal page number.
5. Write the vendor number.
POSTING A DEBIT TO AN ACCOUNTS PAYABLE POSTING A DEBIT TO AN ACCOUNTS PAYABLE LEDGERLEDGER
Lesson 12-2, page 283Lesson 12-2, page 283
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3. Write the debit amount.
1. Write the date.
4. Calculate and write the new account balance.
2. Write the journal page number.
5. Write the vendor number.
STARTING A NEW PAGE FOR A VENDOR IN AN STARTING A NEW PAGE FOR A VENDOR IN AN ACCOUNTS PAYABLE LEDGERACCOUNTS PAYABLE LEDGER
Lesson 12-2, page 283Lesson 12-2, page 283
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3. Write the date.
1. Write the vendor name.
5. Place a check mark in the Post. Ref. column.
2. Write the vendor number.
6. Write the account balance.
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4. Write Balance.
COMPLETED ACCOUNTS PAYABLE LEDGERCOMPLETED ACCOUNTS PAYABLE LEDGER
Lesson 12-2, page 284Lesson 12-2, page 284
Work Together &Work Together &On Your Own – On Your Own –
Page 285Page 285
ACCOUNTS RECEIVABLE LEDGER AND GENERAL ACCOUNTS RECEIVABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNTLEDGER CONTROLLING ACCOUNT
Lesson 12-3, page 286Lesson 12-3, page 286
OPENING ACCOUNTS RECEIVABLE LEDGER FORMSOPENING ACCOUNTS RECEIVABLE LEDGER FORMS
1. Customer Name 2. Customer Number
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Lesson 12-3, page 287Lesson 12-3, page 287
POSTING A DEBIT TO AN ACCOUNTS RECEIVABLE POSTING A DEBIT TO AN ACCOUNTS RECEIVABLE LEDGERLEDGER
Lesson 12-3, page 288Lesson 12-3, page 288
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3. Write the debit amount.
1. Write the date.
4. Calculate and write the new account balance.
2. Write the journal page number.
5. Write the customer number.
POSTING A CREDIT TO AN ACCOUNTS RECEIVABLE POSTING A CREDIT TO AN ACCOUNTS RECEIVABLE LEDGERLEDGER
Lesson 12-3, page 289Lesson 12-3, page 289
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3. Write the credit amount.
1. Write the date.
4. Calculate and write the new account balance.
2. Write the journal page number.
5. Write the customer number.
COMPLETED ACCOUNTS RECEIVABLE LEDGERCOMPLETED ACCOUNTS RECEIVABLE LEDGER
Lesson 12-3, page 290Lesson 12-3, page 290
Work Together &Work Together &On Your Own – On Your Own –
Page 291Page 291
TTERMS REVIEWERMS REVIEWschedule of accounts payable
schedule of accounts receivable
Lesson 12-4, page 294Lesson 12-4, page 294
TTERMS REVIEWERMS REVIEW
Schedule of Accounts PayableSchedule of Accounts Payable
A listing of vendor accounts, account balances, and total amount due all vendors.
Lesson 12-4, page 292Lesson 12-4, page 292
TTERMS REVIEWERMS REVIEW
Schedule of Accounts ReceivableSchedule of Accounts Receivable
A listing of customer accounts, account balances, and total amount due from all customers.
Lesson 12-4, page 293Lesson 12-4, page 293
PROVING THE ACCOUNTS PAYABLE LEDGERPROVING THE ACCOUNTS PAYABLE LEDGER
Lesson 12-4, page 292Lesson 12-4, page 292
PROVING THE ACCOUNTS RECEIVABLE LEDGERPROVING THE ACCOUNTS RECEIVABLE LEDGER
Lesson 12-4, page 293Lesson 12-4, page 293
Work Together &Work Together &On Your Own – On Your Own –
Page 294Page 294