Tuesday January 24, 2012

Read through Lesson 11-1, Posting to an Accounts Payable Ledger, on pages 298-305. When you are done, complete:

• On Your Own 11-1 (online)
• Application Problem 10-1 (online)

Learning Objectives:

• Define accounting terms related to posting to ledgers.
• Identify accounting practices related to posting to ledgers.
• Post separate items from a purchases, cash payments, and general journal to an accounts payable ledger.