11 6 mastery problem posting to general and subsidiary ledgers

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Accounting I

11 6 mastery problem posting to general and subsidiary ledgers

Special Journals and Subsidiary Ledgers Recording Transactions

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The journals, subsidiary ledgers, and selected general ledger accounts for Auto Restoration, Inc. Post the separate items in teh following journals to the general and subsidiary ledgers. Use the current year. Note that some postings will be out of order by date because posting of individual amounts is not being done weekly. Post the totals of the special amount columns of the sales, purchases, cash receipts, and cash payments journals.

The journals, subsidiary ledgers, and selected general ledger accounts for Auto Restoration, Inc. Instructions: Post the separate items in the following journals to the general and subsidiary ledgers. Use the current year. Note that some postings will be out of order by date because posting of individual amounts is not being done weekly. Sales journal to the accounts receivable ledger. Purchases journal to the accounts payable ledger.

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The journals, subsidiary ledgers, and selected general ledger accounts for Auto Restoration, Inc. Post the separate items in teh following journals to the general and subsidiary ledgers. Use the current year. Note that some postings will be out of order by date because posting of individual amounts is not being done weekly. Post the totals of the special amount columns of the sales, purchases, cash receipts, and cash payments journals. Prepare a schedule of accounts payable and a schedule of accounts receivable. Compare the totals of the schedules wiht the balances of the controlling accounts, Accounts Payable and Accounts Receivable, in the general ledger.

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Chapter 11—Posting to General and Subsidiary Ledgers

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