Learning Objectives
LO10 Post cash payments to an accounts payable
ledger and a general ledger.
© 2014 Cengage Learning. All Rights Reserved.
Lesson 9-5
Posting from a Cash Payments Journal to an
Accounts Payable Ledger
LO10
● A credit limit is the maximum outstanding
balance allowed to a customer by a vendor.
© 2014 Cengage Learning. All Rights Reserved.
SLIDE 2
Lesson 9-5
Posting from a Cash Payments Journal to an
Accounts Payable Ledger
LO10
Journal Page Number 2
Date
3
1
Debit
5 Vendor Number
4
Account Balance
© 2014 Cengage Learning. All Rights Reserved.
SLIDE 3
Lesson 9-5
Posting from the General Amount Columns of
a Cash Payments Journal to a General Ledger
LO10
Journal Page Number 2
Date 1
3 Debit
5 Vendor Number
4
Account Balance
© 2014 Cengage Learning. All Rights Reserved.
SLIDE 4
Lesson 9-5
Totaling, Proving, and Ruling a Cash Payments
Journal
1 Date
3
2 “Totals”
Single Rule
5
4
© 2014 Cengage Learning. All Rights Reserved.
LO10
Double Rule
Column Total
SLIDE 5
Lesson 9-5
Posting from the Special Amount Columns of
a Cash Payments Journal to a General Ledger
Journal Page 2
Number
Date 1
Debit or Credit Amount
3
LO10
5 Account Number
4
Account Balance
5
1
2
3
4
1
© 2014 Cengage Learning. All Rights Reserved.
2
5
3
4
SLIDE 6
Lesson 9-5
Completed Accounts Payable Ledger
© 2014 Cengage Learning. All Rights Reserved.
LO10
SLIDE 7
Lesson 9-5
Proving the Accounts Payable Ledger
LO10
● A listing of vendor accounts, account balances,
and the total amount due to all vendors is
called a schedule of accounts payable.
© 2014 Cengage Learning. All Rights Reserved.
SLIDE 8
Lesson 9-5
Lesson 9-5 Audit Your Understanding
1. In which column of the cash payments
journal are the amounts that are posted
individually to the accounts payable ledger?
ANSWER
Accounts Payable Debit
© 2014 Cengage Learning. All Rights Reserved.
SLIDE 9
Lesson 9-5
Lesson 9-5 Audit Your Understanding
2. List the five steps for ruling a cash payments
journal at the end of the month.
ANSWER
1. Rule a single line across all amount columns.
2. Write the date in the Date column.
3. Write Totals in the Account Title column.
4. Write each column total below the single line.
5. Rule a double line across all amount columns.
© 2014 Cengage Learning. All Rights Reserved.
SLIDE 10
Lesson 9-5
Lesson 9-5 Audit Your Understanding
3. What is the relationship between a
controlling account and a subsidiary ledger?
ANSWER
A controlling account balance in a general
ledger must equal the sum of all account
balances in a subsidiary ledger.
© 2014 Cengage Learning. All Rights Reserved.
SLIDE 11