© 2014 Cengage Learning. All Rights Reserved.

Do Now

● Grab a poster and markers from the front of the room● Create a story book containing step-by-step

procedures for posting from the Sales Journal to the General Ledger and Accounts Receivable Ledger● Be sure to include scary characters!

● Do not forget to skip any steps, as you are acting as though you are teaching this to someone who has never taken accounting (like a child!)● Be prepared to share your guidelines

SLIDE 1

© 2014 Cengage Learning. All Rights Reserved.

Posting from a Sales Journal to an Accounts Receivable Ledger

SLIDE 2

LO3

Lesson 10-2

1. Write the date in the Date column of the vendor account.

4. Add the amount in the Debit column to the previous balance in the Debit Balance column and write the new account balance in the Debit Balance column.

2. Write the sales journal page number in the Post. Ref. column of the account.3. Write the debit amount in the Debit column of the customer account.

5

4

31

5. Write the customer number in the Post. Ref. column of the sales journal.

2 Because accounts receivable and payable ledger forms are similar, process of posting transactions to ledger forms is similar as well

© 2014 Cengage Learning. All Rights Reserved.

Totaling, Proving, and Ruling a Sales Journal

SLIDE 3

LO3

Lesson 10-2

1 Single Rule2 Date 5 Double Rule4Column Totals3 “Totals”

© 2014 Cengage Learning. All Rights Reserved.

Posting Totals of a Sales Journal to a General Ledger

SLIDE 4

LO3

Lesson 10-2

3Debit or Credit1Date

4Account Balance

1 2

5 Account Number

3 4

5

1 2 3 4

5

Journal Number 2

© 2014 Cengage Learning. All Rights Reserved.

Lesson 10-2 Audit Your Understanding

1.What accounts are impacted, and how, by the posting of the special columns of a sales journal?

SLIDE 5

ANSWER

1. Accounts Receivable is debited.2. Sales is credited.3. Sales Tax Payable is credited.

Lesson 10-2

© 2014 Cengage Learning. All Rights Reserved.

Lesson 10-2 Audit Your Understanding

2. List the five steps for posting transactions to accounts receivable ledger forms.

SLIDE 6

ANSWER1. Write the date.2. Write the sales journal page number in the Post. Ref.

column of the ledger account.3. Enter the debit and credit amounts.4. Calculate and record the new account balance.5. Write the customer account number in the Post. Ref.

column of the sales journal.

Lesson 10-2

© 2014 Cengage Learning. All Rights Reserved.

Numbered Heads Together

● Work in teams of five to complete 10-2 Work Together

● If everyone receives 100% and your team completes it faster than the other team, your team wins● Not only do you need to receive 100% across the entire

team, but you also need to make sure each team member can explain the process of posting from the sales journal to either the General Ledger or Subsidiary Ledger

● Once we are finished, we will follow the same procedure for 10-2 OYO

SLIDE 7