our group members hhhheyyyyyyy!!!!!!!!@@@@@

milagros
dinora
adrianna

10)Posting to the accounts receivable ledger.

1. Write the date, 3, in the Date column of the account.
2. Write the journal page number, 21, in the Post. Ref. column of the account.
3. Write the debit amount, $864.96, in the Debit column of the account for Children's Paradise.
4. Add the amount in the Debit column to the previous balance in the Debit Balance column ($318.00 + $1,182.96). Write the new account balance, $1,182.96, in the Debit Balance column.
5. Write the customer number, 120, in the Post. Ref. column of the journal. The customer number shows that the posting for this entry is complete

controlling accountchapter12?????????????????

2)Controlling account- an account in a general ledger that summarizes all accounts in a subsidiary ledger.

3) The controlling accounts are maintained in a general ledger

4) The balance of a controlling account equals the total of all accounts balances in its related subsidiary ledger.

5) Schedule of accounts payable and schedule of accounts receivable.

6) -General amount column totals ARE NOT posted.
-Special amount column totals ARE posted.

7) The Accounts Receivable accounts have a normal balance on the debit side because they are assets. Assets have a normal debit balance.

8) -The normal balance column has to be on the credit side, because of it being a liability

9)New page in the accounts payable ledger

1. Write the vendor name, African Importers, on the Vendor line.
2. Write the vendor number, 220, on the Vendor No. line.
3. Write the date, 20-, Nov. 1, in the Date column
4. Write the word Balance in the Item column.
5. Place a check mark in the Post. Ref. column to show that the amount has been carried forward from a previous page rather than posted from a journal.
6. Write the account balance, $8523.02, in the Credit Balance column.

what is a controlling account ???????huh

controlling account-----is an account in a general ledger that summarizes all accounts in a subsidiary ledger

what is a subsidiary leager??????????????????

a subsidiary ledger is---a ledger that summarized in single general ledger account .
*we will be using accounts payable ledger -containing only accounts for vendors from whom items are purchased or bought on account

@we will be using accounts receivable ledger ----containing only the accounts for charge customers

IS ANYONE LISTENING?

SITUATION 1
Swamus Ryan like to be the first to know what is going on in the office. One of the reasons he is so well informed is that he looks through the papers on other employee's desk.

*Swamus is doing the wrong thing because Riverside Payroll has a reputation of a good working place.
*He is demostrating wrong ethical behavior because the paper work of others is private and it only involves the owner of those paper.
*He is showing that he is not good enough to be in the working position because he depends on the other employers paper work to get information.

OUTLINE CHAPTER 11!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!@@

customer-a person or business to whom merchandise or services are sold
sales tax-a tax on sale of merchandise or services
cash sale-a sale in which cash is receives for the total amount of the time of the transaction
credit card sale-a sale in which a credit card is used for the total amount of the sale at the time of the transaction
journalizing cash and credit card sales
1. write the date
2.place a check mark in the account title column to show that no account title needs to be written
3.write the cash register tape number
4.place a check mark in the post .
5.write the sales amount
6.write the sales amount
7.write the cash amount