After studying Chapter 11, you will be able to:
- Define accounting terms related to posting to ledgers.
- Identify accounting concepts and practices related to posting to ledgers.
- Post separate items from a purchases, cash payments, and general journal to an accounts payable ledger.
- Post separate items from a sales, cash receipts, and general journal to an accounts receivable ledger.
- Post separate items from a cash payments and general journal to a general ledger.
- Post special journal column totals to a general ledger.
- Journalize and post correcting entries affecting customer accounts.
Chapter 11 Folder
- Inside of your Part 2 folder, create a new folder titled Chapter 11. All your tasks completed in Chapter 11 should be stored in this folder.
Notes 11-1
- Obtain a Notes 11-1 handout from your instructor and record your notes through the presentation. You can also view the Notes 11-1 presentation.
Working Together 11-1
- Make a copy of this spreadsheet.
- Place this file in your Chapter 11 folder.
- Rename the file to Lesson 11-1 WT-(Your Initials)
- Complete the spreadsheet according to the directions on page 306 or below.
On Your Own 11-1
- Make a copy of this spreadsheet.
- Place this file in your Chapter 11 folder.
- Rename the file to Lesson 11-1 OYO-(Your Initials)
- Complete the spreadsheet according to the directions on page 306 or below.
Self-Assessment 11-1
- Complete this self-assessment for Lesson 11-1. You can use your textbook and notes to complete this assessment.
Application Problem 11-1
- Make a copy of this spreadsheet.
- Place this file in your Chapter 11 folder.
- Rename the file to Lesson 11-1 AP-(Your Initials)
- Complete the spreadsheet according to the directions on page 331 or below.