CENTURY 21 ACCOUNTING © Thomson/South-Western

LESSON 11-4LESSON 11-4

Posting Special Journal Totals to a General Ledger

Original created by M.C. McLaughlin, Thomson/South-WesternModified by Deborah L. Burns, Johnston County Schools, West Johnston High School

CENTURY 21 ACCOUNTING © Thomson/South-Western

Posting Totals of a Sales Journal to a General Posting Totals of a Sales Journal to a General LedgerLedger

A sales journal is totaled and ruled at the end of each month

The total amount of the sales journal is then posted to three general ledger accounts Accounts Receivable Sales Sales Tax Payable

2

LESSON 11-4

CENTURY 21 ACCOUNTING © Thomson/South-Western

3

LESSON 11-4

5. In the sales journal, write the general ledger account number.

POSTING TOTALS OF A SALES JOURNAL POSTING TOTALS OF A SALES JOURNAL TO A GENERAL LEDGERTO A GENERAL LEDGER page 320

55

55

5511

11

11

22

22

22

33

33

33

44

44

44

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.

CENTURY 21 ACCOUNTING © Thomson/South-Western

POSTING THE TOTAL OF A PURCHASES POSTING THE TOTAL OF A PURCHASES JOURNAL TO A GENERAL LEDGERJOURNAL TO A GENERAL LEDGER

A purchases journal is totaled and ruled at the end of each month

The total amount of the purchases journal is then posted to two general ledger accounts Accounts Payable Purchases

4

LESSON 11-4

CENTURY 21 ACCOUNTING © Thomson/South-Western

5

LESSON 11-4

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

44

4411

11

33

33

55

55

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

CENTURY 21 ACCOUNTING © Thomson/South-Western

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

6

LESSON 11-4

At the end of each month, equality of debits & credits is proved for a cash receipts journalCash is then proved. After cash is proved, the cash receipts journal is ruled and the total of each special amount column is then posted to the corresponding general ledger account

Accounts ReceivableSalesSales Tax PayableSales DiscountCash

CENTURY 21 ACCOUNTING © Thomson/South-Western

7

LESSON 11-4

POSTING SPECIAL AMOUNT COLUMN TOTALS POSTING SPECIAL AMOUNT COLUMN TOTALS OF A CASH RECEIPTS JOURNAL TO A GENERAL OF A CASH RECEIPTS JOURNAL TO A GENERAL LEDGERLEDGER page 322

55 55 55 55 55

44

4444

44

44

11

1111

11

11

22

2222

22

22

33

3333

33

33

1. Date

2. Journal page number

3. Column total

4. Account balance

5. Account number

CENTURY 21 ACCOUNTING © Thomson/South-Western

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

8

LESSON 11-4

At the end of each month, the cash payments journal is totaled & ruledThe total of each special amount column is posted to the account named in the journal’s column headings

Accounts PayablePurchases DiscountCash

CENTURY 21 ACCOUNTING © Thomson/South-Western

9

LESSON 11-4

POSTING SPECIAL AMOUNT COLUMN TOTALS POSTING SPECIAL AMOUNT COLUMN TOTALS OF A CASH PAYMENTS JOURNAL TO A GENERAL OF A CASH PAYMENTS JOURNAL TO A GENERAL LEDGERLEDGER page 324

1. Date

2. Journal page number

3. Column total

4. Account balance

5. Account number22

22

22

33

33

33

44

44

44

55 55

55

11

11

11