Chapter 12

Posting to General and Subsidiary Ledgers

Essential Questions

What is the procedure to post from a purchases journal to an accounts payable ledger? What is the procedure to post from a cash payments & general journal to an accounts payable ledger? What is the procedure to post from a sales journal to an accounts receivable ledger? What is the procedure to post from a cash receipts journal to an accounts receivable ledger? What is the procedure to post from a cash payments & general journal to a general ledger? What is the procedure to post journal totals to a general ledger?

TERMS FOR CHAPTER 12

- subsidiary ledger - accounts receivable ledger - schedule of accounts payable

- accounts payable ledger - controlling account - schedule of accounts receivable

ASSIGNMENTS

There are no assignments for chapter 12. Since we will no longer manually post any of our entries this chapter will be summarized during one class period and we will move on to Chapter 13.