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.
Notes 11-3
- Obtain a Notes 11-3 handout from your instructor and record your notes through the presentation. You can also view the Notes 11-3 presentation.
Working Together 11-3
- Make a copy of this spreadsheet.
- Place this file in your Chapter 11 folder.
- Rename the file to Lesson 11-3, 11-4-(Your Initials)
- Complete the spreadsheet according to the directions on page 319 or below.
On Your Own 11-3
- Use the partial cash payments and general journals from On Your Own 11-1. General ledger account forms are given in the Lesson 11-3 & 11-4 spreadsheet. Work this problem independently. Following the instructions on page 319 or below.
Self-Assessment 11-3
- Complete this self-assessment for Lesson 11-3. You can use your textbook and notes to complete this assessment.
Application Problem 11-3
- Make a copy of this spreadsheet.
- Place this file in your Chapter 11 folder.
- Rename the file to Lesson 11-3 & 11-4 AP-(Your Initials)
- Complete the spreadsheet according to the directions on page 332 or below.