Day 109

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 payment 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 11-5

  1. Obtain a Notes 11-5 handout from your instructor and record your notes through the presentation.  You can also view the presentation here.

Working Together 11-5

  1. Make a copy of this spreadsheet.
  2. Place this file in your Chapter 11 folder.
  3. Rename the file to Lesson 11-5-(Your Initials)
  4. Complete the spreadsheet according to the directions on page 329 or below.

On Your Own 11-5

  1. The general journal and accounts receivable ledger accounts for Gentry, Inc., are given in the Lesson 11-5 spreadsheet you created in the Working Together.  Work this problem independently using the instructions on page 329 or below.

Self-Assessment 11-5

  1. Complete this self-assessment for Lesson 11-5.  You can use your textbook and notes to complete this assessment.  

Application Problem 11-5

  1. Using your Lesson 11-5 spreadsheet, click on the AP sheets at the bottom left, and complete the problem as directed on page 332-333 or below.