Accounting and Finance Foundations

Unit 6

Accounting and Finance Foundations Unit 6: Journalizing 472

Journalizing

Chapter 16Chapter 6

Lesson 16.3 Posting to the General Ledger (cont’d)

Student Guide

Each subsidiary ledger includes additional information pertinent to one certain account. For example, the

accounts payable subsidiary ledger would contain additional vendor information and balances. Likewise,

the accounts receivable subsidiary ledger would include customer information and balances.

All data within the general journal and subsidiary ledgers is all-inclusive in the general ledger. In other

words, everything that appears in the general journal and in subsidiary ledgers is reflected in some shape

and form in the general ledger.

Let’s use the general ledger for Mrs. King’s Interiors to prepare and view individual subsidiary ledgers:

Cash Subsidiary Ledger 110

December 20YY

Beginning

Balance

$0.00

Date General

Ledger

Description of Transaction Debit Credit Balance

1 12/01/20YY 110 Cash $30,000.00 $30,000.00

2 12/07/20YY 110 Cash $400.00 $29,600.00

3 12/09/20YY 110 Cash $3,000.00 $32,600.00

4 12/15/20YY 110 Cash $500.00 $32,100.00

5 12/20/20YY 110 Cash $1,000.00 $31,100.00

6 12/21/20YY 110 Cash $600.00 $30,500.00

7 12/21/20YY 110 Cash $200.00 $30,300.00

8 12/29/20YY 110 Cash $2,500.00 $32,800.00

9 12/29/20YY 110 Cash $250.00 $32,550.00

10 12/30/20YY 110 Cash $2,000.00 $30,550.00