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Appendix B

Appendix B. Subsidiary Ledgers and Special Journals. B-1 Accounts Receivable Subsidiary Ledger and Accounts Receivable Control Account. ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER. GENERAL LEDGER. The subsidiary ledger is separate from the general ledger.

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Appendix B

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  1. Appendix B Subsidiary Ledgers and Special Journals

  2. B-1 Accounts Receivable Subsidiary Ledger and Accounts Receivable Control Account ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER GENERAL LEDGER The subsidiary ledger is separate from the general ledger. The general ledger account is the control account. Composite balance of individual accounts Balance of the control account =

  3. B-2 Using the Sales Journal S1 Daily Posting to the Subsidiary Ledger Monthly Posting to the General Ledger

  4. B-2 Using the Sales Journal (continued) GENERAL LEDGER ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Monthly Posting Daily Posting 1 The normal balance for Merchandise Inventory is a debit and it will have a debit balance after the Purchases Journal is posted.

  5. B-3 Using the Cash Receipts Journal CR1 Daily Posting to the Subsidiary Ledger Monthly Posting to the General Ledger

  6. B-3 Using the Cash Receipts Journal(cont.) GENERAL LEDGER ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Monthly Posting Daily Posting 1 The normal balance for Merchandise Inventory is a debit and it will have a debit balance after the Purchases Journal is posted.

  7. B-4 Using the Purchases Journal P1 Daily Posting to the Subsidiary Ledger Monthly Posting to the General Ledger

  8. B-4 Using the Purchases Journal (continued) ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER GENERAL LEDGER Monthly Posting Daily Posting

  9. B-5 Using the Cash Payments Journal Daily Posting to the Subsidiary Ledger Monthly Posting to the General Ledger

  10. B-5 Using the Cash Payments Journal (continued) ACCOUNTS PAYABLE SUBSIDIARY LEDGER Daily Posting GENERAL LEDGER Monthly Posting

  11. B-6 Journalizing and Posting the General Journal • Journalize only those transactions that cannot be entered in a special journal • Journalizing includes subsidiary and control information • Posting requires a dual posting to subsidiary account and control account GENERAL LEDGER ACCOUNTS PAYABLE SUBSIDIARY LEDGER

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