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Accounting, Friday, April 13

Accounting, Friday, April 13. Bell Ringer: Define the term for Lesson 11-2: Schedule of Accounts Receivable Answer the following Question: What is the relationship between a controlling account and a subsidiary ledger?. LESSON 11-2. Posting to an Accounts Receivable Ledger.

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Accounting, Friday, April 13

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  1. Accounting,Friday, April 13 Bell Ringer: Define the term for Lesson 11-2: Schedule of Accounts Receivable Answer the following Question: What is the relationship between a controlling account and a subsidiary ledger?

  2. LESSON 11-2 Posting to an Accounts Receivable Ledger

  3. ACCOUNTS RECEIVABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT page 307 LESSON 11-2

  4. ASSIGNMENT • Work together and guided notes: put in inbox • Own Your Own 11-2 on Aplia practice / completion grade, pg. 314 • Application 11-2: Grade It Now, page 331 IMPORTANT HINTS: • If the balance is zero, only the customer name & number is entered • Start with each General Ledger Account and enter transactions in CHRONOLOGICAL ORDER • Finish Lesson 11-1 LESSON 5-1

  5. 1 2 Customer number Customer name ACCOUNTS RECEIVABLE LEDGER FORMS page 308 LESSON 11-2

  6. 2 1 5 3 4 POSTING FROM A SALES JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER page 309 1. Write the date. 4. Add the amount in the Debit column to the previous balance in the Debit Balance column. Write the new account balance. 2. Write the sales journal page number. 5. Write the customer number. 3. Write the debit amount. LESSON 11-2

  7. 5 1 3 2 4 POSTING FROM A CASH RECEIPTS JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER page 310 1. Write the date. 2. Write the cash receipts journal page number. 3. Write the credit amount. 4. Subtract the amount in the Credit column from the previous balance in the Debit Balance column. Write the new balance. 5. Write the customer number. LESSON 11-2

  8. 3 1 2 5 4 POSTING A CREDIT ENTRY FROM A GENERAL JOURNAL TO AN ACCOUNTS RECEIVABLE LEDGER page 311 1. Write the date. 2. Write the general journal page number. 3. Write the amount. 4. Subtract the amount in the Credit column from the previous balance in the Debit Balance column. Write the new balance. 5. Write the customer number. LESSON 11-2

  9. COMPLETED ACCOUNTS RECEIVABLE LEDGER page 312 LESSON 11-2

  10. PROVING THE ACCOUNTS RECEIVABLE LEDGER page 313 LESSON 11-2

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